Celsius CEO accused of trying to “escape”

The CEO and founder of Celsius Network, Alex Mashinsky, was accused by cryptocurrency investor Mike Alfred of seeking a departure from the United States on a flight to Israel.

According to Alfred, the Celsius executive tried to leave the United States via Morristown airport. However, he was “detained” by the authorities.

Alfred also speculates that Mashinsky was contacted by FBI and asked about Celsius issues and blocked assets from users.

So far, the information has not been confirmed by the US authorities, but the topic causes great concern among internet users and users with assets on the platform.

BREAKING: Alex Mashinsky attempted to leave the country this week via Morristown Airport but was stopped by authorities. Unclear at this moment whether he was arrested or simply barred from leaving. Please contact me if you have more information on this.

— Mike Alfred (@mikealfred) June 27, 2022

Celsius and the pause in withdrawals

Celsius Network paused all user withdrawals, exchanges and transfers last Sunday, motivated by current market conditions.

After that, the company announced the hiring of restructuring lawyers and contacted authorities to help resolve their issues.

Celsius also announced that in order to pay more attention to the company’s situation, it has decided to stop all forms of social engagement, which is why the company has not commented on Mike Alfred’s recent allegations.

Celsius Network could file for bankruptcy

In articles published by the news agency, the Wall Street Journal, they reported that the Celsius Network company hired consultants from the firm Alvarez and Marsal.

The firm of consultants specializes in recommendations on the best way forward for a business before filing for bankruptcy.

The Celsius team reported that all its actions seek the protection of funds to fulfill obligations and responsibilities, but in recent days Celsius’ statements do not seem to end the fear of the market around the company.