HomeAltcoinsCelsius warns community about fake accounts, pauses Twitter spaces and AMAs

Celsius warns community about fake accounts, pauses Twitter spaces and AMAs

-



Celsius warns community about fake accounts, pauses Twitter spaces and AMAs

A week after it started its withdrawal freeze, crypto lending platform Celsius Network warned the community of a rise in fake social media accounts claiming to be affiliated with the company. 

In a blog post, the lending firm urged the community to be more vigilant as there’s an increase in accounts that are “falsely purporting to be associated with Celsius.” In the same post, the firm announced that it will pause some of its communication channels namely its Twitter Spaces and ask-me-anything (AMA) sessions to focus on its ongoing liquidity and operations issues.

Additionally, the firm has highlighted that it’s working and communicating with regulators about the withdrawals, swap and transfer pauses, and is trying to find a solution. However, the firm did not mention any updates on when its users can resume withdrawals of their funds.

Meanwhile, the Gamestop-style short squeeze movement for CEL on Twitter with the hashtag #CELShortSqueeze has trended in the Business and Finance category. Twitter users have been posting their CEL buys to show their support for the project.

Twitter user TheTwitOnline expressed their hopes that Celsius CEO Alex Mashinsky could notice how the community is supporting the project, in hopes that its team will work to give CEL further value and utility. 

Related: Crypto lending platform Babel Finance reaches counterparty debt agreement

On Monday, Simon Dixon, co-founder of the online investment platform BnkToTheFuture proposed a solution to the Celsius debacle. According to Dixon, the approach that Bitfinex used to deal with its infamous hack had been working and urged Celsius to do something similar.

Sam Bankman-Fried, the CEO of FTX exchange, denied rumors that principal trading firm Alameda Research played a hand in the current Celsius crisis. On the other hand, Bankman-Fried has noted that Alameda is working to prevent further damage within the crypto sector because of Celsius’ issues.



LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

CoinShares’ Butterfill suggests ‘continued hesitancy’ among investors

Matrixport's head of strategy said he believes the market is currently in a "wait-and-see environment" but could shift after the U.S. mid-term elections...

Beeple’s Discord URL ‘hijacked,’ directing users to wallet drainer

Other users in the crypto Twitter Community believe lax security management is to blame for the latest phishing scam aimed at Beeple's fans...

Tether commercial paper exposure now under $50M, says CTO

Stablecoin issuer Tether (USDT) has nearly completely slashed its commercial paper holdings, with less than $50 million worth of commercial paper units as of...

How Crypto Twitter reacted to Kim Kardashian’s $1.26M SEC fine

Some pointed out the regulator's supposed hypocrisy, others told crypto-influencers to lawyer up, whilst a few poked fun at the reality TV star....

Most Popular

spot_img