Oct 4 (Reuters) – Celsius Community’s co-founder and chief technique officer Daniel Leon has stepped down, the bankrupt crypto lender mentioned on Tuesday, becoming a member of a wave of government departures from beleaguered digital asset firms.
The announcement comes per week after chief government officer Alex Mashinsky’s resignation. Leon’s departure was first reported by CNBC.
Hoboken, New Jersey-based Celsius filed for Chapter 11 chapter in July, a month after freezing withdrawals citing excessive market circumstances.
Lenders reminiscent of Celsius boomed in lockstep with the surge in recognition of main cryptocurrencies like Bitcoin, as they provided rates of interest a lot greater than conventional banks and quick access to loans.
Nevertheless, the collapse of digital tokens terraUSD and luna, coupled with a tricky macroeconomic surroundings, examined their enterprise mannequin and eroded clients’ optimism.
Voyager Digital Ltd, one other main U.S. crypto lender, additionally filed for chapter in July.
Reporting by Niket Nishant in Bengaluru; Modifying by Krishna Chandra Eluri
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