CEL Token Soars As Committee Representing Celsius Users Pledges To Investigate CEO Alex Mashinsky for Wrongdoing

The CEO of troubled crypto lending platform Celsius (CEL) is reportedly under investigation by a committee representing users.

new civil servant mission statement According to the Unsecured Creditors Committee, Celsius’ customers were repeatedly misled by CEO Alex Mashinski about the safety of their funds and the company’s business model.

These claims are the same for Mashinsky, who in his public videos and messages has stated that customer funds are safe, that Celsius has sufficient capital reserves and robust risk management protocols, and that users can always repeatedly promised to be able to withdraw

Celsius’ guarantee turned out to be a false promise. June 12, 2022 below Less than a week after promising to ‘damn torpedoes’ Celsius started a ‘pause’ and stopped everything Withdrawal of account holders due to “extreme market conditions”.formerly Celsius Defended its transparency and then mostly silenced…

The Commission has already begun this investigation and will seek to ensure that the cause of action against Mashinsky and others is preserved and prosecuted for the benefit of the debtor’s property and the Commission’s members. “

The nine-page statement references certain tweets from Mashinsky as evidence.

After suspending user withdrawals and filing for bankruptcy, Celsius told customers that they could either get some of their funds back in cash or “stay long” by keeping their cryptocurrencies on the platform. There is also an insider report on CEL token price manipulation.

CEL is enjoying positive price action as Celsius users intensify their efforts to recover lost funds. Over 20% in the last 24 hours, 40.3% in the last week, and 104% in the last two weeks.

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