You're aware of what they say. Don't stay at your job when the going gets hard.

Alex Mashinsky, the CEO of Celsius, resigned just months after filing for Chapter 11. Celsius, mid-bankruptcy proceedings, has yet to un-freeze the billions of dollars of user funds that it swallowed back in June

"I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing," said Mashinsky in his resignation letter.

Wrapped Tokens

The departure of the influential cryptbro is a big deal. Celsius' rapid rise to fame was due in large part to Mashinsky's magnetic persona and powerful social media presence. The decision to cut ties with the lender could be the only chance for redemption.

It's worth noting that the decision comes shortly after leaked internal audio revealed that Celsius is attempting to turn its debt into a new type of coin.

Bye Bye

It was rough for the man. He's not worried about himself at the moment. He is concerned about the people.

The CEO's letter continued, "since the pause, I have worked hard to help the Company and its advisors put forward a viable plan for the Company to return coins to creditor in the most efficient and transparent way possible." I will help the company flesh out and promote that plan in order to help account holders become whole.

It's definitely true. We don't like to see people lose their jobs. After all, plenty of everyday retail investors have lost enough to him, so it might as well be him.

Celsius CEO resigns in the middle of a Chapter 11 case.

There was a lot of Bragging about how great the files were for bankruptcy.