Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender’s finances and used its own CEL token to bolster its balance sheet (Nikhilesh De/CoinDesk)

CoinDesk:
Court filing: Celsius ex-CEO Alex Mashinsky, ex-CSO Daniel Leon, and CTO Nuke Goldstein withdrew ~$56M between May and June 2022 before the lender’s bankruptcy  —  Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May …

Vicky Ge Huang / Wall Street Journal:
Celsius co-founder and CEO Alex Mashinsky resigns from the bankrupt cryptocurrency lender, writing his “role as CEO has become an increasing distraction”  —  The crypto lender filed for bankruptcy in July  —  Alex Mashinsky—chief executive and cofounder of bankrupt cryptocurrency …

Kadhim Shubber / Financial Times:
Sources: Celsius founder Alex Mashinsky withdrew $10M from the crypto lender weeks before freezing customer accounts; one source says $8M was used to pay taxes  —  Scrutiny of Alex Mashinsky grows after crypto lender was left with hole in balance sheet  —  Celsius Network founder Alex …

Krisztian Sandor / CoinDesk:
Bankruptcy filing: Celsius says it expects ~$70M of “proceeds from the repayment of USD denominated loans”, which could help it operate through the end of 2022  —  The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.

Adam Morgan McCarthy / The Block:
Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021  —  – Mike Novogratz’s Galaxy Digital agreed to buy GK8 from Celsius.  — GK8 was originally acquired by Celsius for $115 million in late 2021.

Nikhilesh De / CoinDesk:
Crypto lender Nexo says it will exit the US market altogether in the coming months and immediately halt access to its Earn Interest Product in eight states  —  Nexo will immediately suspend access to its Earn product in several U.S. states.  —  Crypto lender Nexo announced Monday …