Alex Mashinsky is holding Celsius funds hostage to avoid prosecution

Celsius will not return user's funds any time soon. If Alex closes up shop and returns what's left, then nothing will stop prosecutors from going after him. But if he delays with Ch. 11 bankruptcy and pretends to be working on a path forward, then he can stall. At best he can save the company and not go to jail. And at worst he can delay prosecution and continue to pay himself. It's just game theory to him. And our money is the hostage unfortunately.

Everyone wants him to step down. I bet even he knows that he needs to be gone for Celsius to recover, but he's too selfish to do that. If he did, investigations and indictments would fall on him immediately. So he's staying in his position and is literally holding our money hostage.