Former Celsius CEO Sells a Further $960K

Former Celsius CEO Sells a Further $960K

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Jonathan
Jonathan

An editor at Coincrop


12 Oct 2022 | 2 min read
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lex Mashinsky, the former CEO of bankrupt crypto lender Celsius Cashes Out a further $960K in CEL, USDC, and the Data indicates that he is continuing to move crypto out of wallets while withdrawals are halted for clients.

According to data compiled by Nansen, more than $1 million in CEL and USDC has been sent to UniSwap and MetaMask from wallets belonging to former Celsius Network CEO Alex Mashinsky since the start of October. 

Nansen's on-chain data shows that wallets belonging to Mashinsky have been steadily sending out Celsius' CEL token and Circle's USDC stablecoin over the last month.

According to on-chain data, Mashinsky's wallet portfolio currently has $197,301 in cryptocurrency, the majority of which is CEL and USDC.


Jonathan

Jonathan

An editor at Coincrop
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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


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