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Celsius revival plan appears to include issuing wrapped assets

From theblock.co

A newly leaked recording of Celsius' leadership further details executives' proposal to pay back customers, which includes issuing new wrapped assets to trade on other platforms. The firm's co-founder and CTO Nuke Goldstein appears to give a more in-depth explanation of the firm's proposal to repay Earn customers in the recording posted by Tiffany Fong, the Celsius customer and public figure credited with posting the previous leaked all-hands meeting recording. The idea is to funnel Celsius' remaining funds allocated to repaying customers into wallets, then issue wrapped tokens, known as Cx tokens, to represent the ... (full story)

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  • Category: Fundamental Analysis