Embattled cryptocurrency lender Celsius Network has reorganized its board of directors amid bankruptcy speculation, according to filings published by U.K. government executive agency Companies House on Wednesday.
See related article: Celsius repays debts, cuts jobs amid bankruptcy fears
- Celsius appointed David Barse and Alan Jeffrey Carr as directors in late June, filings show.
- Barse is the founder and CEO of XOUT Capital, a company specializing in identifying companies to be removed from an index, while Carr is the founder and CEO of Drivetrain, which provides restructuring services.
- Filings also showed that Celsius terminated John Stephen Dubel, Laurence Anthony Tosi and Gilbert Nathan as directors at the end of last month.
- The filings indicate that Nathan and Dubel were terminated in less than two weeks of their appointment as directors.
- Dubel is the founder of restructuring services provider Dubel & Associates, while Tosi, who previously served as CEO of Airbnb and The Blackstone Group, is the founder of investment firm WestCap.
- Celsius’s reorganization of its board follows the halt of withdrawals and transfers on June 13.
See related article: Celsius said to be hiring restructuring attorneys, exploring financing options