Celsius Founder Dumped His CEL Holdings Before Arrest, Now Fined for $4.7 Billion
Alex Mashinsky got rid of his CEL stash way before he was arrested and sued As the details of the recent arrest of the Celsius founder and the lawsuit of the SEC against him continue to emerge, “Smart Money” wallet tracker @lookonchain has reported that Alex Mashinsky dropped a large amount of Celsius (CEL) tokens as early as the start of the winter this year. In February, Mashinsky dumped all of his stash of 90,000 CEL for 48,018 USDC. After that, he moved these stablecoins to the Coinbase exchange. Now, the mans wallets contain as little as approximately $5,000 in cryptocurrencies. Former Celsius CEO Alex Mashinsky sold all 90,000 $ CEL para sa 48,018 $ USDC on Feb 11, then deposited all 48,018 $ USDC sa #Coinbase. Currently, 9 wallets of Alex Mashinsky only hold ~$5K in assets. — Lookonchain (@lookonchain) Hulyo 13, 2023 As covered by U.Today earlier, today Mashinsky was arrested as part of the lawsuit initiated by the SEC against him and the bankrupt company Celsius, which shut down its business last year. The collapse happened after the crash of Terras coin LUNA and UST stablecoin in May. Celsius was then unable to deal with a massive wave of customers withdrawing their funds. Prior to