TechFlow news — According to regulatory filings submitted on Wednesday, crypto lending platform Celsius Network has restructured its board of directors in an effort to stabilize liquidity and operations amid the ongoing crypto bear market.
Treasurer David Barse and Alan Jeffrey Carr were appointed as directors on June 28 and June 29, respectively. Barse is the founder and CEO of index firm XOUT Capital and also founded DMB Holdings, a private family office. Carr serves as CEO of Drivetrain, a trust services company that leads complex restructurings and litigation and manages distressed investment portfolios. The two executives join Celsius co-founders Alex Mashinsky and Shlomi Daniel Leon as board members.
The filing on Wednesday also revealed that Celsius Network terminated the directorships of Gilbert Nathan, John Stephen Dubel, and Laurence Anthony Tosi at the end of last month.
