Celsius Network Ltd., the crypto lender that filed for bankruptcy, said that co-founder Daniel Leon resigned this week, Bloomberg News reported. “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. Fellow co-founder and Celsius chief executive officer, Alex Mashinsky stepped down last week. The once high-lying crypto lender is going through bankruptcy after having left thousands of investors in a lurch after making risky bets before the collapse of cryptocurrency prices. In July, the company disclosed a $1.19 billion deficit. The bankruptcy judge in the case recently appointed an examiner to look into allegations of misconduct against the company and its management. Celsius claimed to take on traditional banks, by letting people invest their coins and receive interest on them. In many of its YouTube videos, the company downplayed risks of such investing.
