Celsius, the founder of the cryptocurrency payments network, gave his wife most of the tokens, cutting his huge stake in the process.

Alex Mashinsky, CEO of Celsius, gave his wife Chrissy GEL 15 million as a birthday present worth almost $ 20 million at current prices.

The move changed the balance between the top CEL token holders, as noted by Twitter user Kevin Hodl. Mashinsky is still ahead, but his wife is now the third most important owner on the list.

The community was considering converting the token when a Twitter user named “Bitcoin Giraffe” stated the following:

“The most important thing for me is how much he has. This gives a completely new definition of the whale. ”
This move seems somewhat unusual, since in accordance with the Marriage Law (if it was not a premature agreement) she is in any case entitled to half of Mashinsky’s assets. Chrissy Machinski runs USA Strong, a company that uses blockchain to ensure that the products allegedly made in America are.

Celsius, which completed a successful $ 50 million ICO in March 2018, is a centralized lending platform with a mobile app that allows users to earn interest on stable currencies and a range of cryptocurrencies.

The platform borrows from a group of clients and issues loans secured by cryptocurrencies to institutional clients, gathering interest groups. Eighty percent of the income goes to members and communities, and 20 percent goes in percentage points.

Essentially, this is DeFi-style lending with regulatory compliance and oversight from CEO Mashinsky.

In June 2020, Celsius made a $ 20 million donation from the crypto community. Mashinsky did not disclose the gift to the owners of direct investments. It has processed over $ 8.2 billion in loans, has over 200,000 active users and nearly $ 1.6 billion in equity, according to the official website.

According to Coingecko, CEL token prices have been good lately, peaking at $ 1.38 on October 10. Since the beginning of the year, CEL tokens have grown by 880% to the current price of $ 1.33. There are currently 361 million tokens in circulation for a total of 695 million.

Source: CoinTelegraph