Alex Meshinsky has resigned as CEO of Celsius the Israeli-American crypto company that went bankrupt

Alex Meshinsky has resigned as CEO of Celsius, the Israeli-American crypto company that went bankrupt. The company announced that CFO Chris Ferraro has been appointed interim CEO as well as the VP in charge of its reorganization.
The exchange of top executives is a sharp turn for the company, which announced bankruptcy in July. Apart from Celsius, the list of victims of the avalanche in the crypto market this year also includes the crypto investment company Voyager Digital and the Asian hedge fund Three Arrows Capital.
The value of the Celsius token fell 7% to $1.37 after the announcement, according to CoinMarketCap. Mashinsky, a co-founder of Celsius, said he would continue "to work to help the community unite behind a plan that will provide the best results for all creditors - which is what I have been doing since the company went bankrupt," said a statement issued by the law firm representing Mashinsky. The message included an excerpt from Meshinsky's resignation letter, 56, in which he expressed regret that being the company's CEO had "become more of a distraction."