As if Chapter 11 bankruptcy and an ongoing transaction freeze weren’t enough to ruin the credibility of Celsius Network, a crypto lending platform, a Financial Times report published this week exposes just how far mismanagement stretched throughout the company, stemming from CEO Alex Mashinsky at the top.
The CEO reportedly took over the Celsius’s trading strategy back in January ahead of a meeting with the U.S. Federal Reserve because of the possibility of a widespread market crash as Bitcoin and Ethereum prices plummeted.
