Yugocean
Valued Contributor
Cryptocurrency lending firm Celsius Network, which has been under criticism after it freezed withdrawals and transfers from June 12, is still updating, which has started new debate.
. Since somebody launched CEL2.0 token, many people believe that Celsius is now exhausted, and it is going Luna way; although, Celsius denied launching it, the crisis was further exacerbated by the announcement of BitBoy to sue Celsius Network and its CEO Mashinsky.
But many investors are hoping for Celsius to recover to save their investments from sinking. Alex Mashinsky, CEO of the beleaguered network, claimed he is working with regulators to find solutions to stabilize liquidity and operations, and to restructure financials.
Details about the recovery plan are scant, people have their own suggestions, among them online banker Simon Dixon. Dixon, CEO of online bank "BnkToTheFuture", is also an investor in Celsius, he suggests using financial innovation to save the Celsius network that was used to save Bitfinex from liquidation in 2016.
. Since somebody launched CEL2.0 token, many people believe that Celsius is now exhausted, and it is going Luna way; although, Celsius denied launching it, the crisis was further exacerbated by the announcement of BitBoy to sue Celsius Network and its CEO Mashinsky.
But many investors are hoping for Celsius to recover to save their investments from sinking. Alex Mashinsky, CEO of the beleaguered network, claimed he is working with regulators to find solutions to stabilize liquidity and operations, and to restructure financials.
Details about the recovery plan are scant, people have their own suggestions, among them online banker Simon Dixon. Dixon, CEO of online bank "BnkToTheFuture", is also an investor in Celsius, he suggests using financial innovation to save the Celsius network that was used to save Bitfinex from liquidation in 2016.
