The boss of Celsius discreetly tries to exfiltrate his CEL (and it is missed)

Caught between the hammer of the legal authorities and the anvil of its victimized community, what remains of the Celsius company is watched with attention by many spectators. A manifestly insufficient pressure, however, to prevent its famous CEO Alex Mashinsky from trying to liquidate some CELs neither seen nor known. Spoiler: the very existence of this article shows that this attempt failed miserably.

An initiative that does not lack CEL

The movement was initially noted on TWItter and reported by Coindesk. And it is typically the kind of small accounting manipulations that tends to discredit a whole file with many meanders and which is likely to continue to be talked about for years.

This file is obviously that of the brutal and sudden bankruptcy of Celsius. A bankruptcy itself following the general failure of the LUNA ecosystem.

And if this drama in 3 acts, ending with the placing of the company under the protection of the Bankruptcy Court of New York, left the community in a state of advanced amazement, it seems that the management team has well quickly regained his senses and business sense. This is evidenced, for example, by the micro-scandal a few days ago of the rehiring of the CFO of Celsius at the staggering price of…. $93,000 per month, you read that right. The thousands of victims who lost access to their funds on the platform overnight will rejoice in the good use of them.

New illustration of the obvious disconnection (and the latent feeling of impunity) of the leaders of Celsius, he is now the big boss himself Alex Mashinsky who is caught hand in hand in the decentralized jam jar exfiltrating some fresh currency.

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Pocket money

It will be recalled that since the closure of withdrawals on the Celsius platform, all operations are supposed to be frozen, against the background of the liquidation procedure.

We also know with relative precision what Mashinsky holds in tokens from his own company, especially since a recent study by Arkham Intelligence has shown that he was one of the main holders (and in had sold in recent years for 44 million dollars, think about it besides the next time a project asks you to be “strong” and “diamond hands”).

In the state of the procedure, and a few days before a court appearance, nothing probably prevents Alex Mashinsky from disposing of his tokens as he sees fit. It will be agreed, however, that the captain of a ship that is taking on water from all sides is more likely to remain at the helm, rather than to quietly monopolize the few remaining lifebuoys.

And it is finally from this angle that the movements noted this weekend on the addresses of the CEO of Celsius challenge. Indeed, Mashinsky (or the person having control of the wallet) has sold CEL tokens several times since Saturday. There are transactions exchanging 17,475 CEL for $28,242 worth of ether (ETH) on the decentralized exchange UniSwap. These are the first movements since the end of May and the industrial disaster that affected the company.

If the magic of the blockchain makes the slightest movement of assets blatant and impossible to conceal (an oh so strategic subject for the US Treasury which is now showing its fangs), the network remains silent when it comes to the motivations behind a movement or a withdrawal. . The floor will therefore now be given to the boss of Celsius in order to explain to his community the reasons for this discreet as well as inappropriate attempt at exfiltration.

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