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Celsius CEO personally directed crypto trades months before bankruptcy: Report

08/18/2022

Less than a minute

2022.08.18 03:37

Celsius CEO personally directed crypto trades months before bankruptcy: Report

Celsius CEO Alex Mashinsky reportedly “took control” of trading strategy at the crypto lending firm amid January rumors the United States Federal Reserve planned to hike interest rates.

According to a Tuesday report from the Financial Times, Mashinsky personally directed individual trades and overruled financial experts in an effort to protect Celsius from anticipated declines in the crypto market. The Celsius CEO reportedly ordered the sale of “hundreds of millions of dollars” worth of Bitcoin (BTC) in one instance, rebuying the coins less than 24 hours later at a loss.

08/18/2022

Less than a minute

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