“Celsius owes roughly $4.7 billion to users but doesn’t have the money to pay them.”
Alex Mashinsky pulled about $10 million. His chief strategy officer took $7 million. Then Celsius froze withdrawals for everyone else in June and filed for bankruptcy in July. Mashinsky’s wife moved over $2 million in CEL tokens on May 31. The insiders found the exit while customers were told their money was safe.