Celsius Network Co-founder Daniel Leon has resigned, the network announced today.
“We confirm that Daniel Leon resigned from his position at Celsius and is no longer part of the organization,” the company said in a statement Tuesday to Bloomberg News.
This news comes a week after the company’s CEO, Alex Mashinsky, also stepped down from his position. Mashinsky had just begun plans for revitalizing Celsius Network after its bankruptcy filing in July 2022. However, those plans may be
The crypto lending network filed bankruptcy back in July. Celsius Network disclosed a $1.19 billion deficit at the time of filing. Additionally, reports suggest that the company will put up its assets for auction on Oct. 20. A sale hearing is scheduled for Nov. 1.
Leon, whose LinkedIn profile says he is based in Israel, said in a Sept. 5 court filing that he owns 32,600 shares of Celsius’s common stock. It’s unclear if Leon will be keeping any sort of title with Celsius Network as Mashinsky did last week, or what will happen to his shares.
Celsius Network is still pursuing a revival, codenamed Project Kelvin. The company has not given any comments on this project or its next steps with the departures of its CEO and founders.