According to recent court filings, top executives of cryptocurrency lender Celsius withdrew slightly more than $17 million in bitcoin between May and June 2022, just before the company ceased withdrawals and filed for bankruptcy. According to a Statement of Financial Affairs issued late Wednesday, former CEO Alex Mashinsky and former CSO Daniel Leon removed cash in the form of bitcoin (BTC), ether (ETH), USDC (USDC), and CEL tokens from custody accounts (CEL). In May 2022, Mashinsky withdrew approximately $10 million in cryptocurrencies. Between May 27 and May 31, Leon withdrew around $7 million and a further $4 million in CEL designated as “collateral.”
