Celsius Bankruptcy Filing Hits Boiling Point on Social Media

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The Street

By Rob Lenihan Twitter rocks with rage and regret as Celsius Network announces its bankruptcy filing. Well, that tweet didn’t age well. On June 11, Alex Mashinsky, co-founder and CEO of the cryptocurrency lending platform Celsius, asked, “do you know even one person who has a problem withdrawing from Celsius?” ‘Why Spread FUD'”Why spread FUD”–crypto speak for fear, uncertainty and doubt — “and misinformation.” On June 12 — one day later — the FUD started flying all over town as Celsius Network “made the difficult but necessary decision” to pause withdrawals from its deposit base due to “ex…

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