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Cofounder and chief strategy officer of Celsius resigns

A week after the resignation of the business’s CEO Alex Mashinsky, cofounder and chief strategy officer of bankrupt cryptocurrency lender Celsius Celsius, S. Daniel Leon, has resigned, according to an internal company memo seen by CNBC.

Lior Koren, the organization’s former global tax director, will take over and work out of Israel. That’s, according to the internal memo, which was obtained by CNBC.

With a $1.2 billion imbalance on its balance sheet, Celsius filed for Chapter 11 bankruptcy shortly after freezing withdrawals, swaps, and transfers in June, blaming “extreme market conditions.”

When the remaining tokens cannot be sold, Simon Dixon, the creator of the cryptocurrency investment platform BankToTheFuture. Which is, projected that Celsius may come under bid by significant capitalists in the future.

A U.S. Department of Justice (DOJ) trustee objected to Celsius’ application to sell stablecoins in bankruptcy court in September. That’s, according to the cryptocurrency news site Cointelegraph.

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