Celsius adds a $25 million wallet for withdrawal
It is reported that Arkham Intelligence said in a report that the current Celsius Network operating under bankruptcy protection has established an encrypted wallet, which contains $25 million of digital assets for withdrawal by the holders of Celsius custody accounts. The wallet’s assets include USD 10.39 million, ETH 8.8 million, counterfeit currency 4.31 million and other stable currencies 1.57 million, including Binance USD, DAI, Paxos dollar and Gemini USD.
Interpretation of this information:
The recent report from Arkham Intelligence about the current Celsius Network under bankruptcy protection reveals that the platform has established an encrypted wallet containing $25 million worth of digital assets for withdrawal by Celsius custody account holders. The wallet’s assets are composed of various cryptocurrencies, including USD 10.39 million, ETH 8.8 million, counterfeit currency 4.31 million, and other stablecoins amounting to 1.57 million, including Binance USD, DAI, Paxos dollar, and Gemini USD.
This news suggests that despite the ongoing legal challenges, Celsius Network is still finding ways to accommodate its users by providing access to their digital assets. The encrypted wallet acts as a secure alternative for users who might have difficulty accessing their accounts due to the platform’s current financial standing.
The presence of counterfeit currency in the wallet raises questions about Celsius Network’s credibility as a reputable and trustworthy platform. It is unclear whether this was an intentional move or an oversight on their part. However, it is worth noting that this type of currency carries significant legal risks, and the inclusion of such components may have long-term consequences for the company. It remains to be seen how Celsius Network will explain the counterfeit currency, if at all.
Overall, the existence of the encrypted wallet is a positive development for Celsius Network customers, as it offers a way to regain access to their digital assets. At the same time, the presence of counterfeit currency creates more uncertainties in an already challenging situation for Celsius Network.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/39916.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.