Alex Mashinsky, the Chief Executive Officer of the embattled crypto lending firm Celsius Network, has tendered his resignation as the head of the firm, effective immediately.
The resignation letter sent by Mashinsky reads:
"Effective immediately, please accept my resignation as CEO of Celsius Network Ltd, as well as my directorships and other positions at each of its direct and indirect subsidiaries, with the exception of my director position at Celsius Network Ltd. I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing. Since the pause, I have worked tirelessly to help the Company and its advisors put forward a viable plan for the Company to return coins to creditors in the fairest and most efficient way. I am committed to helping the Company continue to flesh out and promote that plan in order to help account holders become whole."
Mashinsky co-founded the...
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