A Memo to the Celsius Community | Crypto Craft

  • A Memo to the Celsius Community

    From blog.celsius.network

    We are writing with a very important message for our community. Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations. Acting in the interest of our community is our top priority. In service of that commitment and to adhere to our risk management framework, we have activated a clause in our Terms of Use that will allow for this process to take place. Celsius has valuable assets and we are working diligently to meet our ... (full story)

Added at 9:47pm
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Goat
Jun 13, 2022 6:39pm — Edited
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Coffeezilla hits the nail on the head:
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These guys talking about how they aren't a bank, banks are bad, yadda yadda... the only people falling for this crap is the financially ignorant. Ie, Celsius is preying on the poor. At least Madoff had the decency to prey on the rich.
yieldjunkie
Jun 13, 2022 12:39am
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Oh shit.
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Goat
Jun 13, 2022 2:09pm
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Translation:

Dear Suckers, the gig is up. Some of us were dumb, some of us had bad intentions. None of us had the required expertise. It's now every man for himself, as it's always been. Good luck.
ohenry
Jun 13, 2022 6:30am
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Now why does this sound so familiar... oh yes! LUNA!!!!
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Jolita
Jun 13, 2022 6:08pm
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Quoting ohenry
Now why does this sound so familiar... oh yes! LUNA!!!!
Similar scenario, money stollen, now a new scam started - new terra luna, new terra classic, new chain cosmos bla bla bla
Investors money transfered to owners pockets just before the crash, these guys should get jail time for this. Scam.
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yieldjunkie
Jun 13, 2022 3:14pm
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Wild that these guys have been around for the better part of 5 years yet BTC at 26k was an "extreme market condition" for which they were unable to handle a reversal of flows to their products.
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