Share this article
Crypto Lender Celsius Co-Founder, Chief Strategy Officer Leon Resigns: Report
Celsius CEO Alex Mashinsky also resigned last week.
By Nikhilesh De
Updated Oct 5, 2022, 3:51 p.m. Published Oct 4, 2022, 7:44 p.m.
Crypto lender Celsius Network co-founder and Chief Strategy Officer S. Daniel Leon resigned Tuesday. He is the latest executive to depart the company after now-former CEO Alex Mashinsky.
Leon is stepping down amid Celsius's ongoing bankruptcy proceedings, the Financial Times reported. Mashinsky resigned exactly a week ago. Celsius filed for bankruptcy in New York in July, and now faces an inquiry from an investigator appointed by the U.S. Trustee's office and authorized by the Bankruptcy Court for the Southern District of New York.
STORY CONTINUES BELOW
Leon's departure was hinted at by YouTuber Tiffany Fong, who previously shared audio from two leaked all-hands meetings at the company. In one, Mashinsky and other executives proposed a custody-focused recovery plan, dubbed "Kelvin." In another, co-founder and Chief Technology Officer Nuke Goldstein suggested Celsius create "IOU" tokens for its customers.
The U.S. Trustee's office – and some Celsius creditors – have alleged the company has been less than forthcoming regarding its financial situation. The inquiry is intended to investigate these claims.
Earlier this month, the Financial Times also reported that Mashinsky withdrew about $10 million in crypto from the company in May – weeks before Celsius halted customer withdrawals and a little over a month before it filed for Chapter 11 bankruptcy protections.
Read more: Texas Objects to Celsius Plan to Fund Operations With Stablecoin Sales
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State of Crypto: Policymakers Dominated Most Influential 2025
CoinDesk is unveiling its annual list of the individuals who have shaped the crypto industry and the discourse around it this year.
Top Stories
