Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Triedboy on June 17, 2022, 02:38:44 AM
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State securities regulators have opened investigations into the crypto lender's decision to freeze accounts, Texas’ enforcement director told Reuters."We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," the post read. Following the announcement, Celsius' native token CEL plunged 70% in one hour from $0.49 earlier on Sunday to $0.15, according to CoinMarketCap.
At the moment, the CEL token is the 148th largest cryptocurrency by market capitalization, currently trading at $0.53, up 1% in the last 24hrs.
On Wednesday, Celsius CEO Alex Mashinsky broke a three-day silence and took to Twitter to say that the company is focused on its customers’ concerns and is thankful to have heard from so many. "To see you come together is a clear sign our community is the strongest in the world," Mashinsky tweeted. "This is a difficult moment; your patience and support mean the world to us."more (https://decrypt.co/103096/regulators-five-states-target-celsius-withdrawal-freeze)