Former Celsius Employees Blame Bad Management For Company’s Downfall

Former Celsius employees blame mismanagement for company’s downfall.

For the first time since the crypto vendor filed for bankruptcy, 2 ex-employees have thrown light on the matter.

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The former employees reported to CNBC on 19 July regarding Celsius’s downfall.

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Both the employees held leadership positions in the company.

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Celsius’ former compliance director Timothy Cradle, alleged that top executives traded CEL on the market to manipulate its price.

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The executive said the downfall of Celsius “was a failure of risk management.”

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A former HR officer alleged that risk-taking was a part of Celsius’ hiring process.

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The Celsius Network went from managing billions of assets to filing for bankruptcy in a matter of a few months.

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