News Explorer — Former Celsius CEO Forfeits Claims to Bankrupt Crypto Lender's Assets, Enabling More Creditor Distributions

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Jun 20, 12:36 pm

Decrypt

Former Celsius CEO Forfeits Claims to Bankrupt Crypto Lender's Assets, Enabling More Creditor Distributions

Alex Mashinsky, former Celsius CEO, has agreed to forfeit all claims to the bankrupt crypto lender's assets, allowing for additional creditor distributions. The agreement, filed in the U.S. Bankruptcy Court for the Southern District of New York, bars Mashinsky and related entities from receiving any bankruptcy proceeds.

Alex Mashinsky, former Celsius CEO, has agreed to forfeit all claims to the bankrupt crypto lender's assets, allowing for additional creditor distributions. The agreement, filed in the U.S. Bankruptcy Court for the Southern District of New York, bars Mashinsky and related entities from receiving any bankruptcy proceeds.

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