Several Crypto Exchange Founders have Resigned: How will this Affect Investors?


 Original Content- Business Upside India 

After submitting his resignation papers last week, Alex Mashinsky, the CEO of the insolvent cryptocurrency lender Celsius, has become the newest executive to leave the top position. Following similar actions by other crypto exchange founders, Mashinsky’s resignation last Tuesday left many investors apprehensive. The sudden increase in CEO resignations has led to grave worries over investor deposits in the cryptocurrency exchange.

Who is Alex Mashinsky?

Earlier this week, Alex Mashinsky resigned as CEO of insolvent cryptocurrency lender Celsius Network. As of immediately, Chris Ferraro is serving as interim CEO and chief restructuring officer.

Mashinsky announced today that he is stepping down from his role as Celsius CEO. According to the CEO, he will continue to encourage the community, since the business filed for bankruptcy, to unite behind a strategy that would result in the best outcome for all creditors.

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