Source: blockchain.news
According to crypto sleuth ZachXBT, Lark Davis withdrew $2.5 million from Celsius long before the company collapsed.
Crypto influencer Lark Davis appears to have escaped from the Celsius network bankruptcy scandal with 2.5 million dollars after being one of the promoters of the company.
Davis has previously promoted Celsius, supporting the company and praising it to its more than 400,000 YouTube subscribers. As reported, Davis withdrew millions before June, more than a month before the Celsius crash.
Some critics say Davis must have withdrawn the funds after hearing inside information about the company’s impending collapse.
On Thursday, Celsius released a voluminous financial report containing the names of all Celsius users and their transactions.
In the report, not only did Davis withdraw a sizable sum before the company’s demise, but co-founders Alex Mashinsky and Daniel Leon also withdrew $12 million and $11 million, respectively. ZachXBT’s claim against Davis is most likely based on this report.
As ZachXBT posted about his accusation on Twitter, some tweeters booed him while others supported him. One user commented, saying:: “I follow your work and I think it is phenomenal… but in this case I also took my money before crack and I am a normal person… rumors were circulating…”
Another user also commented, saying“I’m pretty sure I remember him posting that he was withdrawing all his funds from Celsius when rumors of trouble started circulating.”
Earlier this week, Celsius Network Ltd. lost another upper limb as co-founder Daniel León resigned. CNBC reported, citing an internal email, that Lior Koren, previously the company’s global tax director, will take over and operate out of Israel.
In addition, the company revealed earlier this week the auction dates of your assets. According to a filing with the US Bankruptcy Court for the Southern District of New York, the deadline for the final offer has been set for October 17, but if necessary, it will be postponed until October 20.
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