Alex Mashinsky, the CEO of bankrupt crypto lender CelsiusNetwork, has resigned. Celsius was one of the first in a long list of crypto companies that succumbed to the pressures of this year's bear market.
The Official Committee of Unsecured Creditors, a group of former Celsius customers acting as liaisons for the company's bankruptcy case, said it had asked for Mashinsky's removal from the company.
"The Committee believes, based upon the information it has reviewed, that Mr. Ferraro is capable of overseeing the Debtors' assets and affairs and looks forward to further dialogue with Mr. Ferraro, the Special Committee, and the Debtors' advisors regarding the next phase of the restructuring process," the group said in a statement filed Tuesday in bankruptcy court.
The committee might also try to sue Mashinsky for any damages they believe he personally owes, according to the statement.Adds statement from creditors in bankruptcy case.
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