Anger, Worry, and Doubt – Celsius Customers ‘Pray’ for the Return of Their Crypto
The Celsius Network (CEL)’s fall from grace has been nothing short of spectacular – and the crypto lender has been amongst the highest-profile casualties of one of the most brutal crypto winters to date.
The firm initially suspended withdrawals from its platform in early summer before filing for bankruptcy. The case is being heard in a court in the Southern District of New York, USA. But behind the headlines are the people who invested money – in some instances their “life savings” – in Celsius.
Many of these people have submitted their written testimony to the court and the presiding judge, Martin Glenn, ahead of a forthcoming hearing. Here’s what some of them had to say.
Frustration is the single most striking emotion that underpins the letters sent to Judge Glenn. Many explained that their decisions to use Celsius’ services have compromised life not only for themselves, but also their families.
A number of them accused the CEO of Celsius, Alex Mashinsky, of spreading “lies” – and many castigated themselves for having believed his “untruths.”
The Florida-based Mark Hide wrote that he had “over USD 25,000 worth of cryptocurrency deposited in a Custody account” with Celsius, and explained:
“I strongly feel that Celsius, in particular Alex Mashinsky, has lied to the community about the safety of our assets. I feel like I have been lied to and misled. I am embarrassed that I have so much money tied up in what now seems to be a scam.”
He claimed that the incident “has affected me personally,” adding,
“[I] now have so much anger with myself for getting my family in this position. All I hope for is that I can retrieve my cryptocurrency and can keep it in storage myself and avoid any future scams.”
A Finnish citizen named Petri
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