Crypto’s boom and bust were driven by the same plague that has turned the entire finance industry into a shady casino. So it’s no tragedy if the speculators take a break in 2023.
After Russia invaded Ukraine earlier this year, several digital-asset platforms rushed to publicize the address of Ukrainian government wallets for crypto donations. Celsius took a different path, setting up its own wallets to accept donations. But how much was donated?
Data show that Alex Mashinsky, who resigned as Celsius’ CEO on Sept. 27, continues to move crypto out of wallets while withdrawals are suspended for customers.
Ex-CEO Alex Mashinsky and ex-CSO Daniel Leon pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May, before the company suspended all customer withdrawals.