Celsius Shareholder Bnk to The Future Proposes Three Celsius Recovery Plans

Jul 01,2022
KingData News: Simon Dixon, CEO of Bnk To The Future Capital, an investor holding more than 5% of Celsius, shares three proposed Celsius recovery plans, namely: A restructuring to relaunch Celsius and allow depositors to benefit from any recovery through financial engineering; A restructuring to relaunch Celsius and allow depositors to benefit from any recovery through financial engineering; An operational plan that allows a new entity and team to rebuild and make depositors whole.
On June 13, digital asset lending platform Celsius Network announced that it would suspend all withdrawals, swaps and transfers between accounts due to extreme market conditions. On the same day, Etherscan data showed that Celsius transferred a total of approximately 111,815 ETH to FTX over the last three days. This indicator provides a real-time tracking of Celsius' funding crisis.
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