Celsius wants to rehire its ex-Chief Financial Officer

Embattled crypto lender Celsius Network wants to rehire its ex-Chief Financial Officer Rod Bolger, according to a tribunal filing made by the steadfast connected July 25.

According to the filing, Celsius wants to prosecute Bolger for astatine slightest six weeks successful an advisory capableness due to the fact that of his familiarity with the firm’s business, pending tribunal approval.

Because of Mr. Bolger’s familiarity with the Debtors’ business, the Debtors person requested, and Mr. Bolger has agreed pending the Court’s approval, to proceed providing advisory and consulting services to the Debtors pursuant to an Advisory Agreement.

The filing continued that Bolger had led the steadfast during the caller utmost marketplace volatility. Bolger was said to person “led efforts to dependable the business, guided the fiscal aspects of the business, and acted arsenic a person of the company.”

In his caller role, Bolger would person “the sum of CAD 120,000 ( astir $93,000) per month, prorated for partial months.”

Bolger had worked with the embattled lender for 5 months earlier resigning connected June 30. Less than a period aft his resignation, the steadfast filed for bankruptcy.

Celsius’ determination challenged

Meanwhile, a caller filing submitted by Keith Suckno challenges Celsius’ determination to rehire the ex-CFO. Suckno is simply a CPA and an capitalist with a ample equilibrium trapped connected the Celsius platform, according to CNBC.

According to the filing, Celsius did not supply capable accusation connected wherefore Bolger’s services are needed.

The filing besides alleged that Bolger had “provided mendacious information” to the lender’s customers conscionable 4 days earlier the steadfast paused withdrawals.

Bolger was said to person misstated the fiscal information and liquidity of Celsius.

The filing besides mentioned that determination is nary justification for Celsius to rehire Bolger, considering that “a $1.8 cardinal hole” was connected the embattled lender’s equilibrium expanse nether his leadership.

It added that the tribunal should bid Celsius to uncover the “exact” services Bolger would beryllium providing for the steadfast that its different employees would beryllium incapable to deliver.

The station Celsius wants to rehire its ex-Chief Financial Officer appeared archetypal connected CryptoSlate.