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

Caught between the hammer of the legal authorities and the anvil of his victimized community, what remains of the Celsius company is watched with attention by many onlookers. Clearly insufficient pressure, however, to prevent its famous CEO, Alex Mashinsky, from trying to liquidate some CELs not seen or known. Spoiler: the existence of this article shows that this attempt failed miserably.

An initiative that CEL does not lack

The movement was initially noted on Twitter and reported by Coindesk. And these are typically the kinds of small accounting manipulations that tend to discredit an entire file with many twists and turns and are likely to be talked about for years to come.

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

And if this drama in 3 acts, which ends with the placement of the company under the protection of the Bankruptcy Court of New York, has left the community in a state of advanced amazement, it seems that the management team is quickly regaining its senses and business has. sentence. This is proven, for example, by the micro-scandal a few days ago of the reappointment 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 be delighted at its good use.

New illustration of the obvious disconnect (and the latent sense of impunity) of the leaders of Celsius, he is now the big boss himself Alex Mashinsky caught hand in hand in the decentralized jam pot exfiltrating a fresh currency.

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Pocket money

It will be remembered that since the closing 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 accuracy what Mashinsky holds in tokens of his own company, especially since a recent study by Arkham Intelligence showed that he was one of the main holders (and sold for 44 million dollars in recent years, think about it besides the next time a project asks you to be “strong” et “diamond hand”).

At the state of the proceedings, and a few days before a court appearance, nothing is likely to prevent Alex Mashinsky from disposing of his tokens as he sees fit. However, it will be agreed that the captain of a ship taking on water from all sides is more likely to stay at the helm, rather than quietly monopolize the few remaining lifebuoys.

And it is finally from this angle that the movements noticed this weekend in the addresses of the CEO of Celsius challenge. Indeed, Mashinsky (or the person in 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 hit the company.

If the magic of the blockchain makes the slightest movement of assets blatant and impossible to hide (a not-so-strategic topic for the US Treasury 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 to explain to his community the reasons for this discreet as well as inappropriate attempt at exfiltration.

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