Celsius CEO Resigns amid Broader Bankruptcy Tango

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.

As contained in a Press Release from the company, the resignation letter was handed over to the Company’s Special Committee of the Board of Directors.
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 …
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