CEL

quintavious_danilo

Nexo, BNB, CEL, FTT, CRO… all made out of thin air.

RobotRant

CEL lol

BeefeyeTraitor

I mean I lost my $25,000 CEL token bonus, but aside from that and getting fired, I didn’t lose much. Tbf I had just recently started my career so didn’t have much to lose in the first place

samsmith12345678

Latest UK btc treasury company LSE main market listed : CLAI (CEL AI) Only £2.5m mcap

samsmith12345678

Latest UK btc treasury company LSE main market listed : CLAI (CEL AI) Only £2.5m mcap

piggleii

That doesn’t answer my question. There is no “trading” involved with Celsius. Unless you mean trading CEL on exchanges.

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coinfeeds-bot

tldr; Former Celsius Network CEO Alex Mashinsky was sentenced to 12 years in prison for misappropriating customer funds and manipulating the price of the CEL token. Mashinsky pled guilty to commodities and securities fraud in December, facing charges that carried a maximum of 30 years. Prosecutors sought a 20-year sentence, while the defense requested a year and a day. Celsius declared bankruptcy in 2022 after freezing withdrawals, with customers losing over $5 billion. Efforts to repay creditors continue. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Celsius founder Alex Mashinsky, awaiting sentencing for federal fraud charges, has been granted permission to travel to his daughter's wedding in Tennessee. Mashinsky, accused of defrauding customers and manipulating Celsius's CEL token, faces a potential 20-year prison sentence. Celsius collapsed in 2022, leaving over 250,000 users with significant losses. Critics question the travel approval, given the scale of the financial damage caused by Celsius's operations, which resembled a Ponzi scheme. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Celsius Network founder Alex Mashinsky faces calls for a life sentence from victims who claim he devastated lives through his failed crypto lending platform. Over 200 impact statements have been submitted ahead of his May 8 sentencing, following his guilty plea to misleading customers and manipulating Celsius's native token, CEL. Mashinsky's actions trapped $4.7 billion in customer assets and contributed to the broader crypto collapse of 2022. Victims demand severe punishment to restore trust in the justice system. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CryptoMemesLOL

Yes, I remember very well, that is when I bought some LUNA, FTX, CEL

FromThePits

I joined the yield train in 2021 with Celsius who offered 6% annually on deposits. Was recommended to do so, by someone who seemed legit in a Facebook group. After enjoying getting extra yield paid in the native token of CEL, which went $0.10 > $8 I got crazy lucky, because I withdrew all my BTC to my wallet, so that I could liquidate a portion of it for outstanding taxes. Was really contemplating on redepositing the remaining stack to get more of that sweet yield, but a half year went by and one day the whole thing collapsed. I only lost the CEL that I had gained in interest, but I gained a valuable lesson. Don't risk 100% to gain 6% Just hodl and appriciate.

HSuke

I've been watching CRO for 5 years, and I've never been able to explain the timing of its price pumps. I wouldn't be surprised if it were manipulated just like how Alex Mashinsky manipulated CEL prices. Most of the CDC platform is outside the US, so it's possible they know something I don't.

Virtual-Force-1928

Celsius and CEL tokens are no longer viable due to bankruptcy and fraud. Do some research on Celsius. It's a fraudulent company, and the CEO faces jail time, with his trial due to go ahead this year. CEL will eventually go to zero once all claims have been settled etc. Was you a celsius user? If so, you may be eligible to claim some money.

coinfeeds-bot

tldr; Alexander Mashinsky, founder and former CEO of Celsius Network, pled guilty to commodities and securities fraud. He misled customers about Celsius's profitability and manipulated the price of CEL, Celsius's crypto token, while secretly selling his own CEL at inflated prices. Mashinsky agreed to forfeit over $48 million from his illegal activities. His actions led to Celsius's bankruptcy, leaving many retail investors unable to access their funds. Mashinsky faces a maximum sentence of 30 years in prison, with sentencing scheduled for April 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Alex Mashinsky, founder and former CEO of Celsius, faces up to 30 years in prison after pleading guilty to charges related to the collapse of the crypto lender. He admitted to committing commodities and securities fraud by misleading customers about Celsius' profitability and manipulating the price of its CEL token for personal gain. Mashinsky's actions led to significant financial losses for investors. As part of a plea deal, he will forfeit over $48 million and has agreed not to appeal any sentence of 30 years or less. Sentencing is scheduled for April 8th. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Alex Mashinsky, founder and former CEO of Celsius, will plead guilty to U.S. federal fraud charges, specifically commodities fraud and conspiring to manipulate the price of the CEL token. His trial was set for January 2025 after a motion to dismiss charges was denied. Celsius, a crypto lender, filed for bankruptcy in July 2022 after halting customer withdrawals. Mashinsky faced charges for allegedly making $40 million in fraudulent gains. Regulators accused him of misleading customers about the platform's safety and selling unregistered securities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

HSuke

I have no idea how Alex "Unbank yourself" Mashisky has managed to stay out of prison for so long after manipulating the CEL token and running what was effectively a Ponzi scheme. All while his wife was running a social influencer channel about gloating over how rich they became.

sam-sung-sv

Bitcoin Bonds? Which ones? El Salvador's Volcano Bonds are dead. Recent leaks confirmed that Volcano Bonds were gonna be backed by CEL (a state owned electric company), so pretty much a potential rug pull.

gdlgdl

btw I wouldn't have suggested to get into CEL because it already pumped +300% I was just thinking that now is still time to get into other crypto real fast until it soon all pumps the market seems to tend to move with some crypto being slightly off, one might pump then most others then the last few that haven't pumped yet...seems to be a matter of days to hours

gdlgdl

so CEL is dying?

gdlgdl

no reason to cry, CEL for some reason exploded, maybe the whole market follows soon (or CEL is being manipulated and dead soon 😅)

gdlgdl

is CEL the first mover and everything else will pump now?

gdlgdl

what's happening to CEL right now? chart says +380% in 7d but it seems extremely volatile right now

moonkingdome

Buy on exchanges like kraken kucoin. Store on ledger.. I dont trust Exchanges but if they got a quick fiatonramp i dont mind spending a little fee on it. Storing selfcustody.. I.learned that from CEL..

UrNs0

But they are.... several states have decided to drop B.US. I'm in one of them and got locked out. Only option I had was to delete account and move on. Learn defi and with swaps allowing limit orders.... this is a game changer. People bitch about fees on these platforms all the time. You can move and bridge almost anything on these layer 2's for a fraction of what these exchanges charge. Also if you can't get the asset you can almost always get a wrapped version of it. Some people hate wrapped assets. I think it's amazing to be able to send wbtc on arb for fraction of a cent compared to using those main chains. People think of CEL and Blockfi and those were CEFI. If your not into adding liquidity (greater risk) you can still just lend and make a decent chunk on that. I lend stables during upswings and then use what I make to buy when it dips. NFA but it works for me, am I getting rich from it....no. But it sure is more fun than getting locked out of an exchange.

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Smiling_Jack_

I think it's fairly obvious to anyone who has been around for at least one cycle: LUNC CEL FTT

plasmalightwave

In 2017, Coinbase had their servers in their office itself. The building had bad plumbing. During periods of high volatility, the exchange used to go down whenever the CEL, Brian Armstrong flushed his private toilet. 

Ofulinac

Why is CEL up by 80% today?? Its a bankrupt company that does not even exist anymore. Crypto is truly insane.

Ofulinac

CEL, the token of a dead, bankrupt company pumped 63% today.. Crypto sure is special.

coinfeeds-bot

tldr; Celsius Network, a cryptocurrency lending platform, has burned 652.2 million CEL tokens, which is 94% of the total supply, valued at approximately $83.2 million. This action, part of their bankruptcy reorganization plan, reduced the circulating supply to 40.6 million CEL. The burn could potentially increase CEL's market value due to reduced supply. Following the burn, CEL's price saw a 5% increase, although it later fell by 5.3% in line with broader market declines. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ckhumanck

i think in the case of Celsius, it's largely based around the CEL token Ponzi scheme, so for most people getting clawback request it's because they did profit and it was directly at the cost of those late to the party/late to exit.

ReverendBlue

Without insider knowledge could they legally claw anything back? I heard rumours on twitter and here, and I got everything off a week or two before it shut down, so just with publicly available information. Apparently they're going to mail me a cheque for the ~$50 in CEL that I just left there and I haven't heard anything about clawbacks. Not to mention, I had ETH there and I have sworn off shitcoins now so I'd like to know how they'd propose to claw back my non-existent coin.

JohnHue

It's not so much about the absolute price as it is about the market cap. CEL is relatively small (69m), what surprises me is that FTT's mcap is still 3/4th of a billion dollars... I guess a lot of people are still being used as exit liquidity for a few actors.

Boring_Ad4003

Replace CEL and FTT with MOONS and you have your answer. MOONS is a dead project that people around here still hang on to.

TouchMyTumor

I don't understand who is buying CEL. I thought they went out of business?

HSuke

At least it's not FTX, CEL, or CRO

bubumamajuju

You said the accounts were not segregated. How does anyone interpret that not to mean Earn vs Custody? That would be very different than what was alleged. Can you point to that in any filing? The “you are the yield” meme is equally ridiculous - the yield came from a bunch of different defi protocols, institutional borrowing, staking and liquid staking like lido, etc. I actually worked there briefly and the accounts were completely segregated while I was there. The “not really” to the lack of liquidity is so cocksure for no fucking reason. Like I’m not asking you that - I’m telling you because I was there and there were positions (not of my choosing mind you) that we could not unwind without taking huge losses. The entire point of halting withdraws initially was because the company needed to spread out the sells in order to get satisfactory prices. There were smart people brought in to save a good chunk of your money… at least before the lawyers got to it. The business model for Earn is not the entirety of the business. Earn had different terms. You almost certainly have a better understanding of the bankruptcy than me especially if you had funds there - I never did because I never believed in anything besides non-custodial BTC. Ironic crust a maxi is working for a shitcoin co probably but that was almost everyone on my team. The fraud you’re alleging is very different than the cases against Mashinsky. I don’t think he will beat the charges around price manipulation of CEL but the charges related to defrauding investors, I would be very surprised if he gets any serious jail time. The Earn terms were crystal clear imo - the lack of insurance was too. Essentially prosecutors are relying on the marketing from celsius which they claim outwardly gave customers a sense they were investing in a bank. That’s the SEC for you… but it’s comical. You’d have to be the biggest idiot on earth if anyone thought investing in celsius was insured. I don’t care what happens to him - I just was commenting on personal experience on the account segregation thing and occasionally I get more info on what’s happening with Celsius… again, like I said, I don’t follow what’s going on with them because the entire thing made me even more sure of my conviction against all these custodial shitcoin cos. That’s the Wild West for ya. I never let anyone in my friends/family invest in it while I was there - not your keys not your coins. For what it was worth I was promised a shitload of CEL (which I knew I’d likely never get and actively tried to negotiate out of entirely) but still it sucks for me too for what could have been.

eaypc1

Yeh it's probably worth contacting stretto to see what the deal is as you should be due it provided it's not in CEL token I think.

coinfeeds-bot

tldr; U.S. prosecutors are investigating potential conflicts of interest between the legal representation of Alex Mashinsky, former CEO of Celsius, and Sam Bankman-Fried, founder and former CEO of FTX. Concerns were raised due to lawyers Marc Mukasey and Torrey Young representing both defendants. A Curcio hearing has been requested to address the issue and ensure conflict-free legal representation. The conflict arises from allegations that FTX's subsidiary, Alameda Research, manipulated the price of Celsius's native token, CEL, which could compromise the integrity of the legal proceedings. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Celsius Network is distributing over $3 billion to creditors as it emerges from bankruptcy. Creditors will also receive a stake in Ionic Digital Inc., a new mining operation expected to go public. The bankruptcy process, which lasted 18 months, concluded with 98% creditor approval. The company settled cases with the U.S. DOJ, SEC, and CFTC. Former CEO Alex Mashinsky, who resigned and was arrested on fraud charges, denies allegations of manipulating the CEL token's price. His assets are frozen, and his trial is set for September 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SoftPenguins

Celsius did wash trading to fake volume with CEL token. UST and Luna did wash trading to fake volume. Safemoon did wash trading to fake volume. They were in the court documents for all of those cases.

ckhumanck

he never participated in the CEL token?

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lelgimps

the amount of "5head" software engineers that shilled CEL. Has me convinced computer guys aren't all that intelligent.

etan1

It’s not the same. - Many coins are not just valued at the bottom of the bear market, but receive additional markdown. - The FTX claims are limited to a 100% payout of the bottom of the bear market, while there is much more money available. On MtGox all excess goes to creditors, nothing goes to investors. Every MtGox customer made > 10x profit, despite there having been a hack that deleted 80% of the BTC. In case of FTX, there was no hack and most money is still around thanks to some Alameda investments such as Anthropic. - In Celsius, CEL got valued at ~0.25, while here they propose to value FTT at ~0. - KYC is stricter in case of FTX, if not doing it in a short period after the next request to do so, the claim becomes worthless. Overall, its weird that FTX is treated completely different than CEL

Big_Effective_9174

Not sure which country you're in but in the UK there's a company called CEL who deal with recovering money from swindlers. I don't know what the circumstances have to be for them to even be able to help but they do mention cryptocurrency in their radio advert. I know its a lot of ifs and buts, but if there's any chance they could help I thought you'd want to know. If you're in another country maybe there is the equivalent.

One13Truck

Going balls deep on CEL, LUNC, FTX, and SOL. And moons, natch.

Larp22

Exactly 💯 it's not even defi because it's the most centralized block chain in crypto. Can't wait till these tards get rugged. You'd think FTX, Luna, and CEL would be examples enough on why to stay away from these scams. You cannot talk sense into people until they lose all their mkney and it's too late.

OshoBaadu

I used celsius as a means to diversify really. I did not have a single CEL token or whatever. Mostly ADA and some AVAX and MATIC. Worth 25k at that time. Hoping to get some of it back once the bankruptcy proceedings are completed next year.

Ryanopoly

Ever heard of FTT or CEL?

amplidud

Maybe trie in theory bit not in practice… FTX CEL MOONS TERRA/Luna Safemoon The list goes on. Yes these technically still exist but all value has been wiped from them for 1 reason or another. If you dont think the same can happen to ETH, BTC, ect. I think you are a little too optimistic. I’m not saying it will but just saying it cant cuz its crypto feels naive to me…

ReverendBlue

Good luck finding a place to offload them. Maybe Defi, but you won’t get the listed price. Highly illiquid market drives the price up as all the exchanges are delisting and dropping the asset. It’s like the CEL I had got pumped up after the bankruptcy and the token had crashed through the floor. At least Reddit users can access their tokens but it’s unlikely they can access the specific market that carries the inflated price point or if they can access it, the order book is so shallow that they’ll get a much lower price on average.

ztkraf01

I bought CEL token at $2 and sold it at $6.60. Made $1200 off that trade I bought LRC at $.41 and sold at $3.15. Made $700 off that trade. Only two times ive ever timed shitcoins well lol

masterzergin

I've been using it for years and loved it. But pulled all funds when CEL collapsed. Just as a precaution. But the fact that Nexo survived the CEL and FTX collapse speaks volumes about its legitimacy. They really got fucked hard and suffered a massive bank run. They handled it like a champ. If they can survive that, then they are somewhat trustworthy. All I have in there now is ~$500 of Nexo token, which was all free from interest rewards anyways. I'll probably park some assets on there once the market starts to pick up again but not much and definitely not during a big crash.

marsangelo

I have some CEL token and LUNC

MaxSmart1981

i mean, there's still a demand for CEL and LUNA 'classic' anything is posstible \*shrug\*

BoofingFluoride

FTT and CEL are still trading at non-zero values

rjm101

Add Celsius's CEL token to the list.

marsangelo

Not that I disagree, but ironically out of all the exchange tokens (CEL, FTT, NEXO etc) BNB is the only that has intrinsic utility as the token of Binance Smart Chain

SmackAttackLondon

Wait till you see the size of my CEL bag.

drewster23

I mean you could do the research, instead of open ended hypotheticals. It's called mismanagement of assets. It's not like he just pocketed billions, which you seem to be implying. Like most of these cases, they spend on everything under the sun. They spend more then they make, and continue to do so as they get bigger,(usually as a requirement to keep things from collapsing)compounding the issue, until it crashes. With the rates they were offering to hold your assets, and the staggering amount they did have access to over the years. That's a fuck load of money being paid out, that wasn't sustainable, and was propped up by fraudulent activity. Aka a ponzi scheme. How does a ponzi scheme stay afloat, by continuously bringing in more money to cover the pay outs, because it can't cover them. It's just a constant cycle of negative cash flow. "At various times during MASHINSKY’s tenure, MASHINSKY, COHEN-PAVON, and their co-conspirators also caused Celsius to use its own customer deposits to fund these market purchases of CEL in order to prop up CEL’s price, without disclosing this fact to Celsius’s customers. Without Celsius’s aggressive and illegal price manipulation, the price of CEL would have been drastically lower. As COHEN-PAVON wrote to MASHINSKY in a private message exchanged during the scheme: “[T]he issue is that people are selling [CEL] and no one is buying except for us,” adding, “[t]he main problem was that the value was fake and was based on us spending millions (~8M a week and even more until February 2020) just to keep it where it is.” " They were spending 8+ million a week, a lone in propping up cel price. Idk why you're bringing up mixers, unless there's specific evidence of him using mixers, the point is irrelevant to the question.

Cryptosockies

we got FTX 2.0 why not CEL 2.0 a ditch for people to burn their money in.

mattg1981

Below would be the Moon value if it had the market cap of the following coins (current market cap, imagine what it will do in a Bull). What do these coins have in common? They are either bankrupt companies, or projects that are clearly belly up after getting hacked/compromised. $5 Moons is a reality, maybe double that if SocialFi trends this upcoming bull like other sectors have in previous (FitnessFi anyone?). ​ |Coin|Moon Value| |:-|:-| |Celsius (CEL)|$0.63| |Luna (LUNA)|$1.82| |Luna Classic (LUNC)|$3.47| |Harmony (ONE)|$1.17|

mattg1981

Below would be the Moon value if it had the market cap of the following coins (current market cap, imagine what it will do in a Bull). What do these coins have in common? They are either bankrupt companies, or projects that are clearly belly up after getting hacked/compromised. $5 Moons is a reality, maybe double that if SocialFi trends this upcoming bull like other sectors have in previous (FitnessFi anyone?). ​ |Coin|Moon Value| |:-|:-| |Celsius (CEL)|$0.63| |Luna (LUNA)|$1.82| |Luna Classic (LUNC)|$3.47| |Harmony (ONE)|$1.17|

pizzapicnic

Whatapp messages between mashinsky and Cohen-Pavon are coming out in court dockets, showing mashinsky demanding the company buy more cel tokens to sustain the illusion that there were others interested in buying CEL. I cannot wait until all of these crooks are behind bars.

pizzapicnic

Whatapp messages between mashinsky and Cohen-Pavon are coming out in court dockets, showing mashinsky demanding the company buy more cel tokens to sustain the illusion that there were others interested in buying CEL. The dominoes are falling

pizzapicnic

Former Celsius exec strikes deal, agrees to testify against CEO Alex Mashinsky. Whatapp messages between mashinsky and Cohen-Pavon are coming out in court dockets, showing mashinsky demanding the company buy more cel tokens to sustain the illusion that there were others interested in buying CEL.

RiddleTower

Luna, UST, CEL 

moonkingdome

After the fall of CEL i discovered that even i could fall for the good old straight up blind faith trap. I mean peter swift was very clear Yet i wrote him of as a gold bug out to get crypto. Im still amazed at how well Mashinsky set this all up..

marsangelo

Unfortunately Gary hasnt gone after exchange tokens, which are primarily held, minted, and distributed by the exchanges themselves. Cant imagine how much has been lost in CEL and FTT but pretty wild theyve gotten by

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marsangelo

This guy was the number 2 seller of CEL besides Mashinsky. Behind the scenes dumping customer funds basically on themselves, 65 years is not enough but ill take it.

coinfeeds-bot

tldr; Former Celsius CEO, Alex Mashinsky, is seeking to have the Federal Trade Commission (FTC) drop its case against him. Mashinsky, who was arrested in July on charges of fraud and manipulating the price of the CEL token, has pleaded not guilty and his lawyers argue that the allegations are baseless. They are requesting that the court dismiss the FTC's claims that he misled investors. Mashinsky's former Chief Technology Officer, Hanoch "Nuke" Goldstein, also filed a separate motion arguing that he is being unjustly held guilty by association. The U.S. Attorney has asked the court to put the FTC proceedings on hold to avoid prejudicing the parallel criminal case. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Steve Kokinos, the former CEO of Algorand, is set to become the CEO of the company that will take over Celsius' operations. The board of the new company, referred to as NewCo, will also include two members of Celsius' creditor committee. The creditors are currently voting on whether to sell the company to Fahrenheit Holdings, which could result in the partial return of their holdings. The proposed CEO, Steve Kokinos, has a background in entrepreneurship and investing. The former CEO of Celsius, Alex Mashinsky, was arrested on charges of securities fraud and manipulation of the CEL token. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Calm-Cartographer677

They should have frozen his assets before he was able to post a $40m bail, likely using money he stole from investors with his CEL ponzi.

DoubleFaulty1

TLDR: Banking and real estate assets of former Celsius chief Alex Mashinsky have been ordered frozen as a criminal case against him advances, according to court documents unsealed Tuesday. In July, Mashinsky, who also co-founded the lending platform, was arrested under multiple counts including securities fraud and manipulation of the company’s CEL token.

Successful_Craft3076

Some of the most popular coins in this sub, from 2021-22 Ckb CRO ONE Algo BAT LRC CEL Most of them are practically dead. All of them pretty much ruined. Don't trust the hype. Even in here

marsangelo

Itll likely get treated the same as CEL (im a Celsius victim) where the bankruptcy court deems it worthless due to manipulation and a settlement is offered to avoid disputed claims with token holders

its_witty

Ah, I'd love 70% of my worthless CEL tokens back

EAKera

this is so stupid it looks like a Sketch, I wouldn't be surprised, if he himself leaked this conversation, as a tactic to see if it pushes some desperate people to buy CEL, Alex being a narcissistic piece of crap I imagine he thought of this as a Genius Idea.

coinfeeds-bot

tldr; Former Celsius CEO, Alex Mashinsky's banking and real estate assets have been frozen by a court order as his criminal case progresses. Mashinsky was arrested in July on multiple counts including securities fraud and manipulation of the company’s CEL token. He has pleaded not guilty to these charges. The court order prevents financial institutions from selling assets in several Goldman Sachs bank accounts held in the name of the Koala LLC company and a residential property in Austin, TX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MrWannabeStockMan

Good question, Bitcoin was used as an example for relevancy to this sub, current savings account rates are piss poor, you could literally run a lemonade stand selling piss in a cup and outperform a banks savings account. The answer to your question, some of those no because they were scams, could I have invested in literally anything somewhat smart and came out on top of a savings account return, most definitely. At least with FTX, CEL, LUNA even though scam there was a chance to increase your value at one point. A bank account however is 100 percent guaranteed no strings attached to lose you value year after year

tambaybtc

**Leaked WhatsApp Chats Show Celsius Gambled $8M Weekly to Sustain CEL.** The founders spent over $8 million weekly to sustain CEL’s value. WhatsApp messages expose Celsius Network founders artificially inflating CEL token price. There are also allegations of them manipulating user holdings to boost CEL token holders count.

EdgeLord19941

The CEO of Celsius has no insider info on CEL token? Make that the cat wise

marsangelo

**Exchange tokens are not necessary and are literally securities** I dont understand why SEC didnt clamp down on this. Flywheel exchange tokens like FTT, CEL, BNB (atleast they have a chain) have caused *massive* damage and have no place beyond seed funding. Find a new way to raise capital and be done with these shitty ponzi tokens

bharath2018

Am against SEC thinking all crypto is bad - but guess they too are entitled to have concerns on projects and issues like CEL dosent help them either ‘

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C01n_sh1LL

Yeah, that 40 million dollars figure keeps coming up. Wasn't that roughly the same value of CEL that he secretly dumped in the months leading up to Celsius's failure, while claiming he was not selling?

coinfeeds-bot

tldr; Former Celsius CEO, Alex Mashinsky's banking and real estate assets have been frozen by a court order as his criminal case progresses. Mashinsky was arrested in July on multiple counts including securities fraud and manipulation of the company’s CEL token. He has pleaded not guilty to these charges. The court order prevents financial institutions from selling assets in several Goldman Sachs bank accounts held in the name of the Koala LLC company and a residential property in Austin, TX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

zoomercoomer9000

I truly hope he loses it all. Feds have internal comms from Celsius insiders discussing how they were stealing from customers' USDC deposits to prop up the price of CEL token. Pure fraud.

NEOkavliaris

CEL 🤡

Yegpetphoto

Those bastards owe me 1.8 CEL tokens. 

coatchecker

CEL should have no worth. Prioritize the holdings that were in other, still valid cryptocurrencies, not this shitcoin.

coinfeeds-bot

tldr; A bankruptcy judge has declined to classify Celsius Network's native token (CEL) as a security in light of a motion citing the ongoing Ripple Labs case. Investor Otis Davis had requested the court to recognize the legal precedent set in the Ripple/XRP case and create a separate committee for CEL token holders. However, the motion was denied by Chief U.S. Bankruptcy Judge Martin Glenn. The judge's decision does not constitute a finding under federal securities laws regarding crypto tokens. The SEC has been in a legal battle with Ripple since 2020 over the sale of XRP as an unregistered security. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

evoxyseah

God, 2383 failures… the one that haunts me the most is FTX and CEL. Need a few decades to forget about it, maybe not lll

FidgetyRat

CEL tokens should be valued at zero since they have zero value. Sucks for the holders hit that is reality.

marsangelo

XRP ironically saving CEL token is pretty funny

samer109

>A bid to value CEL tokens at $0.80, the list price on bankruptcy day, failed. >Celsius' management have proposed to value CEL at $0.25 as they seek to wind up the company's affairs and return funds to creditors. Return funds at les than half the price..