Bloomberg Law
Oct. 4, 2022, 7:32 PM

Celsius Says Co-Founder Leon Has Resigned From Crypto Lender (1)

Olga Kharif
Olga Kharif
Bloomberg News

Celsius Network Ltd., the crypto lender that filed for bankruptcy, said that co-founder Daniel Leon resigned this week.

“We confirm that Daniel Leon resigned from his position at Celsius and is no longer part of the organization,” the company said in a statement Tuesday to Bloomberg News.

Fellow co-founder and Celsius chief executive officer, Alex Mashinsky stepped down last week. The once high-lying crypto lender is going through bankruptcy after having left thousands of investors in a lurch after making risky bets before the collapse of cryptocurrency prices. In July, the company disclosed a $1.19 billion deficit. The bankruptcy judge ...

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