A Mashinsky spokesperson, cited by the paper, said that the entrepreneur had disclosed to an unsecured creditors committee (UCC) in the bankruptcy proceedings that he and his family had $44 million in crypto frozen with Celsius following the withdrawal. The spokesperson said that Mashinsky “‘withdrew a percentage of cryptocurrency in his account, much of which was used to pay state and federal taxes,'” according to the FT.
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Amid a steady price rebound in the...
Bitcoin is facing a critical juncture as its macro retracement converges with a tight mid-range battle between $86,000 and $100,000....
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Last Updated: Dec. 14, 2025 Disclosure: The author holds cryptocurrency assets. This article is for informational purposes only and does not...
