Alex Mashinsky, CEO of embattled cryptocurrency lending platform Celsius, is resigning from his executive position.
Nevertheless, he states he is willing to help the company during its restructuring process.
“I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing…I am committed to helping the Company continue to flesh out and promote that plan, in order to help account holders become whole.”
“I believe we all will get more if Celsians stay united and help the UCC with the best recovery plan. I remain willing and available to continue to work with the Company and their advisors to achieve a successful reorganization.”