TL;DR:
Blockchain data from crypto intelligence firm Nansen and Arkham Intelligence identified a couple of transactions completed on a wallet identified as Mashinsky’s. The wallet sold 17,475 CEL and swapped them for 28,242 Ether, according to Etherscan. Mashinsky is reportedly one of the largest Celsius Token holders after the Celsius treasury.Celsius filed for bankruptcy protection on July 13 after freezing withdrawals on their app because of financial difficulties.
The CEO of Bankrupt crypto lender Celsius allegedly sold huge amounts with the CEL token within the recent token surge. The token increased almost 2x before week in what looks to be always a community-driven short squeeze.
Blockchain data from well-known crypto intelligence firms Nansen and Arkham intelligence have were able to identify a lot of Mashinsky’s wallets for the blockchain. In accordance with Nansen, the Mashinsky Identified Wallet 6 became active after staying dormant since May and started making its first transactions. In accordance with Etherscan data, Mashinsky’s alleged wallet swapped Celsius for Ether, selling 17,475 CEL for $28,242 worth of ether (ETH) using Uniswap (a well-known decentralized exchange).
Arkham Intelligence identified several Mashinsky wallets which have regularly sold huge amounts with the CEL token on various decentralized exchanges. Before bankruptcy, Celsius listed its largest owners on the website, with Mashinsky reportedly being the biggest Celsius token holder soon after the Celsius treasury.
Celsius filed for bankruptcy protection on July 13, only a month after freezing customer withdrawals in June. The CEL Coin issued by the business also faces regulatory scrutiny through the SEC for not being registered as being a security.