Matthew T. Burgoyne
Jul 4, 2022
Veteran banker Rod Bolger, who left his position as a chief financial officer earlier this year for an executive role at cryptocurrency lender Celsius, now faces the test of leading the company through the recent downturn in crypto markets. Last month, Celsius made headlines when it announced that it was suspending withdrawals and transfers of customer funds. The Wall Street Journal since reported that the company could be preparing for a potential bankruptcy. Bolger is confident that the company will be able to navigate its current challenge.
Osler partner Matthew T. Burgoyne, recently named Co-Chair of the firm’s Digital Assets and Blockchain practice, spoke to The Logic about Celsius.
“There’s a chance that Celsius, with a CFO who’s worked at a Canadian bank, will be in a better financial position at the beginning of the insolvency, versus another company with a less experienced CFO,” Matthew says.
You can read Jon Victor’s full article, “Former RBC banker and one-time crypto skeptic now at centre of one of sector's most high-profile meltdowns,” on the National Post website.