Celsius co-founder and CEO Alex Mashinsky resigns from the bankrupt cryptocurrency lender, writing his “role as CEO has become an increasing distraction” (Vicky Ge Huang/Wall Street Journal)

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 …

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.

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 …

Paige Tortorelli / CNBC:
S. Daniel Leon, Celsius co-founder and chief strategy officer, has resigned; Lior Koren, the company’s global tax director, will assume the role  —  – S. Daniel Leon, co-founder and strategy chief of bankrupt crypto lending platform Celsius, has stepped down, according to an internal email.

Nikhilesh De / CoinDesk:
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  —  The crypto lender admitted in a recent creditor call that it could not earn enough revenue to support its yields, the Vermont Department of Financial Regulation said.

Zi Wang / Decrypt:
Days after Celsius shared all of its users’ names and transaction histories in a bankruptcy filing, a website launches that lists who likely lost the most money  —  Using data likely pulled from its bankruptcy filing, a new tool now shows exactly how much different users lost following Celsius’ collapse.