There are rumours that Celsius CEO Alex Mashinsky tried to leave the country.
According to unconfirmed sources, Celsius CEO Alex Mashinsky made an effort to flee the country last week. In response to “extreme market conditions,” Celsius declared a freeze on withdrawals on June 13. Before this, some users had complained about issues with money withdrawals, causing accusations the business was bankrupt. Later it was discovered that Celsius had made dangerous investment decisions, resulting in trading losses and a lack of liquidity.
Should Celsius declare bankruptcy, a group led by Goldman Sachs is reportedly interested in purchasing the company’s assets in a $2 billion deal. Users of Celsius have been critical of the company’s handling of the problem and have expressed grave worries about the lack of transparency and sporadic updates.
The company confirmed an ongoing conversation with authorities and regulators in a brief notice it sent out more than a week ago. When withdrawals would resume was not stated. Mike Alfred, a co-founder of the analytics company Digital Assets Data, tweeted on Monday that Mashinsky had attempted to board a plane at Morristown Airport in New Jersey—a hub for private and business chartered flights—but had been denied by security. Mashinsky and Alfred previously engaged in a public argument on the legitimacy of Celsius and its operations. Alfred was contacted by sources for comment, but no response was given.
A Twitter user commented on this and questioned why Mashinsky or the official Twitter organisation hadn’t provided this information. Mashinsky hasn’t tweeted since he pleaded for tolerance on June 15 throughout this trying period. Similar to this, Celsius’s most recent post, which was made on June 20, provided an update on their cooperation with law enforcement. In response to @Zach HODL ON, Alfred questioned how he discovered this information and inquired about the availability of funds for Celsius clients. Later, Alfred said that he had heard from a source that Maskinsky had attempted to fly to Israel. Mashinsky was born in Ukraine, although he later moved with his family to Israel. In 1989, he relocated to the United States.