Troubled investment by the Caisse de depot | Resignation of the founding director of Celsius Network - SIMPLYSHAN.COM

Troubled investment by the Caisse de depot | Resignation of the founding director of Celsius Network

The CEO of the Celsius Network cryptocurrency company in which the Caisse de depot et placement du Québec could lose the 200 million invested last year, Alex Mashinsky, has just resigned.

Posted September 27

Martin Vallieres

Martin Vallieres
The Press

In a letter to Celsius Network’s board, as the company tries to avoid bankruptcy, Mashinsky says he “regrets that my continued role as CEO has become a growing distraction, and I’m truly sorry financial difficulties faced by members and customers of our company. »

Despite his resignation as CEO, Alex Mashinsky will remain a member of Celsius Network’s Board of Directors.

In his letter of resignation, he justifies this decision by his desire to continue to “work tirelessly to help the company and its advisers to propose a viable plan that will provide the best result for all creditors and account holders ( of cryptocurrencies), in the fairest and most efficient way. »

In a follow-up report on Caisse de depot’s troubled investment in Celsius Network, published Tuesday in The Presswe learn from the opinion of cryptocurrency market participants that the founder of Celsius Network, Alex Mashinsky, is an “entrepreneur with a nebulous past” and a “less successful career” than it seemed until recently .

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