Withdrawal Freeze: A Week Later
Just a week after announcing its withdrawal freeze, Celsius Network is now in damage control mode, warning users about a surge in fake social media accounts impersonating the company. It’s almost like a bad game of telephone, but one where everyone’s losing their money.
Stay Vigilant, Folks!
A blog post from Celsius urges its devoted community to keep their eyes peeled for these fraudulent accounts. The firm has paused some communication channels, including its beloved Twitter Spaces and AMA sessions, as they focus on sorting out their liquidity mess. It’s heartbreaking for fans who thought they were there for guidance but got a clown show instead.
What’s the Plan, Stan?
Without mentioning a concrete timeline for when users will regain access to their funds, Celsius has been in talks with regulators to navigate the murky waters of withdrawals and transfers. In the meantime, users are left wondering whether they should build a shrine in honor of their lost funds or start learning how to trade in a world without Celsius.
#CELShortSqueeze to the Rescue?
Meanwhile, a glimmer of hope emerges from Twitter with the viral hashtag #CELShortSqueeze. Users have taken to the platform to showcase their CEL buys, hoping to ignite a Gamestop-style rally. One user tweeted about buying CEL at $0.40 with a sell target of $20, saying, “Let’s get those shorting whales liquidated, shall we?” Ahh, the spirit of speculative trading at its finest!
Expert Insights and Proposed Solutions
Simon Dixon, co-founder of BnkToTheFuture, suggests that Celsius should follow in Bitfinex’s footsteps after their notorious hack. If imitation is the highest form of flattery, Celsius just got the ultimate compliment. On the flip side, FTX CEO Sam Bankman-Fried has distanced Alameda Research from the chaos, while reassuring that they’re working hard to prevent further fallout in this dive into madness.
Conclusion: Waiting in Limbo
For now, the community is in a state of limbo, teetering between hope and utter disbelief. As Celsius navigates this turmoil, all users can do is stay engaged, remain cautious of impostors, and maybe invest in a good old-fashioned piggy bank—just in case.
+ There are no comments
Add yours