Many Celsius crypto users are sharing their stories of struggle after the announcement of the Bankruptcy file by Celsius company.
Celsius is a crypto lending platform, which provides a high yield on the crypto holding. But the recent downturn in the crypto market resulted in a bailout for many crypto companies, including the Celsius platform. On 13 July, Celsius filed for Chapter 11 protection in the United States Bankruptcy Court for the Southern District of New York.
Through the press release, Celsius company said that it was a good decision in this situation.
Alex Mashinsky, CEO of Celsius platform, said:
“I am confident that when we look back at the history of Celsius, we will see this as a defining moment, where acting with resolve and confidence served the community and strengthened the future of the company.”
PR confirmed that the company is still holding $167 million in cash and also has plans to continue its operations. Celsius held $20 billion in assets under management but liquidity tanked because of the panic in the crypto market. Few speculations predicted that the company is holding around $2 billion in its accounts but this information is still hidden because of the opaque operations of the company.
Celsius customers want to suicide
After the announcement of a Bankruptcy filing by Celsius, many Celsius customers took to social media platforms to share issues that they are facing because of Celsius’ services outage.
A Reddit user shared his situation because of this troubled Crypto lending company, titled “I am suicidal” and said that he invested almost all of his 20 years of life-saving and now there is a huge loan to pay.
“I had all of my savings I’ve been building for 20 years in Celsius. I don’t know what to do. I have my 2nd child on the way and a mortgage to pay for.”
Further Celsius customer wrote that he is thinking to suicide instead to face huge trouble.
He said:
“I am thinking of just ending it. It would be easier than suffering through this major loss. My whole life. Gone. I don’t know where to go or what to do.”
Another user also shared his life trouble on Twitter because of the outage of Celsius services.
I’ve lost just about everything. Yes it’s my own fault for trusting someone else with my funds, but it still makes me want to
— Crypto for Cancer
(Erin Daniel) (@docdaniel) July 14, 2022
(Erin Daniel) (@docdaniel) Read also: Bahamas will turn toward crypto to offset GDP losses because of climate change
Suicide would be easier than suffering through this major loss, says Celsius investor
https://bitcoinik.com/suicide-would-be-easier-than-suffering-through-this-major-loss-says-celsius-investor/feed/
https://bitcoinik.com/suicide-would-be-easier-than-suffering-through-this-major-loss-says-celsius-investor/feed/
Buy bitcoin and other cryptocurrencies on crypto exchanges: Binance Coinbase Kraken Bitfinex
—————————————————————————————————————————-
ETH-ERC20 Mining and Financial Management
✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.
The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:
✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY
✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY
✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY
✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY
✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY
✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY
✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY
📌 You must open wallet (Metamask, Tronlink e.t.c. ) and connect it, for earning income
▬▬▬▬▬▬▬▬▬▬▬▬▬▬
𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://eth-trc20.org/h5/#/?p=16327
▬▬▬▬▬▬▬▬▬▬▬▬▬▬
👇👇👇👇👇👇👇👇👇👇
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
