thecoinrepublic.com
Since the crypto lending firm has paused withdrawal operations on the platform, its criticism started, and now and then stuck with something
Issues with the crypto lending firm Celsius have not seemed to take a break, while criticism and rumors worsen the situation. Rumors about the CEO of Celsius, Alex Mashinsky, trying to leave the United States emerged while creating troubles for crypto firms. Celsius has to come forward to damage control and handle the situation.
Celsius has claimed that the beleaguered crypto lending platform is trying its best to recover from its deterioration and continue its operation alongside Alex Mashinsky, who is in the United States now. A spokesperson from Celsius has also denied the rumors all over about its CEO having tried to leave the country last week given the liquidity crisis that Celsius Network is going through.
Company representative has told about the firm’s continuous efforts towards restoring liquidity stating that all the employees at Celsius including CEO Alex Mashinsky, are keenly focused and trying their best effort to bring stability in operations and liquidity. Meanwhile in that case, any report claiming that the CEO of Celsius has tried to leave or is attempting to flee the United States is completely false.
This all started after the claim of Mike Alfred, co-founder of Digital Assets Data crypto analytics firm, came up with the claim on Twitter that Celsius CEO Mahinsky attempted to flee the US last week as he was spotted at Morristown Airport in New Jersey. Alfred, while citing an anonymous source, alleged that the CEO of Celsius was trying to reach Israel. He further added that it is unclear whether Mahinsky was arrested or he is not allowed to leave.
Celsius is facing a bit of a tough phase where it had to halt its withdrawal operations, mitigating the given risk of liquidation amidst the market crash and panic sell-off of crypto assets. The Crypto lending platform has also received criticism from the crypto community following its distribution of crypto rewards while still keeping users’ withdrawal restrictions.
At the time of writing, the trading price of the CEL native token of Celsius is about $0.729, which is down by about 9.45% in the last 24 hours. However, it’s still up by more than 150% in the last 15 days.