Celsius suspends withdrawals for the fourth day, CEO speaks out for the first time: Thanks to the most powerful Celsius community
Three days after announcing the suspension of platform user withdrawals, deposits, and transfers, the CEO of the lending platform Celsius, Alex Mashinsky, finally broke his silence and posted on Twitter. However, his cryptic and evasive tweet only served to further anger the crypto community.
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Celsius Statement
CEO Alex Mashinsky stated on Twitter here:
The Celsius Network team is working around the clock, we are very focused, and grateful for all the support. Seeing you all come together shows that the Celsius community is the strongest in the world. This is a difficult time, and your patience and support mean the world to us.
@CelsiusNetwork team is working non-stop. We’re focused on your concerns and thankful to have heard from so many. To see you come together is a clear sign our community is the strongest in the world. This is a difficult moment; your patience and support mean the world to us.
— Alex Mashinsky (@Mashinsky) June 15, 2022
Fatman's Comments
Terra's top informant previously alleged the following about Celsius:
- Celsius has not had internal employees for over a year
- Development and management are all outsourced to the studio MVP Workshop
- Former CFO Yaron Shalem was arrested in Israel for money laundering and fraud
He pointed out that Celsius still lacks permanent employees early on, but later hired inexperienced individuals to manage Celsius, carelessly outsourcing all work. He urged Mashinsky:
Good luck. I hope your positions can make a difference, these people shouldn't lose everything because of you. I hope you don't take their money to play around in DeFi, and if Celsius survives in the end, please don't outsource work randomly again.
The Block's Research VP Larry Cermak
Journalist Laura Shin, who previously exposed the true culprit of the 2016 Ethereum DAO hack in a new book, retweeted Mashinsky's statement and commented:
Working non-stop... what does that even mean?
Larry Cermak responded:
Given their lack of funds, working non-stop might mean emptying all 100+ wallets and exchange accounts they have, then dumping everything they can, and trying to sell what they can't through OTC markets. Since trust is shattered and business is done.
Crypto KOL Ben Armstrong, known for being mocked by the community, accused Celsius of requesting users to deposit funds again to repay previous loans on the platform, citing temporary inability to access funds, but he did not provide any evidence.
How Celsius and @Mashinsky are ACTIVELY SCAMMING PEOPLE RIGHT NOW THREAD:
Our account rep at @CelsiusNetwork is @ronald_loh. He told us we had enough money in our account to pay off a loan. But we can’t use money in our account. We HAVE TO SEND CELSIUS MORE MONEY TO PAY IT OFF.
— Ben Armstrong (@Bitboy_Crypto) June 15, 2022
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