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Celsius co-founder Daniel Leon resigns

Yahoo Finance Video

Crypto lender Celsius announced the resignation of its co-founder, Daniel Leon, as the company battles bankruptcy and other legal woes.

Video transcript

RACHELLE AKUFFO: Crypto lending network Celsius says co-founder Daniel Leon has resigned. Now it comes after CEO Alex Mashinsky resigned last week. CFO Chris Ferraro is currently serving as Mashinsky's interim replacement. But when the crypto market crashed earlier this year, Celsius began holding withdrawals before eventually filing for bankruptcy in July. And in the subsequent legal filings, Celsius said it owed customers $4.7 billion.