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A new court document reveals that former Celsius CEO Alex Mashinsky, former CSO Daniel Leon, and CTO Nuke Goldstein withdrew their crypto before Celsius paused withdrawals in June 2022.
A Statement of Financial Affairs submitted on Oct. 5, 2022, to the Bankruptcy Court for the Southern District reveals that the three executives withdrew $42 million worth of Ethereum (ETH), Bitcoin (BTC), Circle (USDC), and Celsius’s native CEL token.
Mashinsky’s mafia exposed
According to the statement, former CEO Alex Mashinsky withdrew $10 million worth of crypto from his custody account in May 2022, first reported by the Financial Times on Oct. 3, 2022. Between May 27 and May 31, Leon allegedly withdrew $11 million, including $4 million worth of CEL, from his account, while Goldstein allegedly withdrew $13 million.
Following the statement’s revelations, Goldstein came in for some flack on crypto Twitter since “Nuke” is a term used colloquially in crypto to describe a hefty and sudden price correction caused by a holder dumping a cryptocurrency.
Venture capital guru Mike Dudas, who heads up Ventures at Paxos, was a prominent participant in the ensuing Twitter roast.
i delete my tweets once per week
from now on, i’ll be referring to these moments as “nuke
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