Celsius Network is in communication with United States Securities and Exchange Commission (SEC)
As reported by Fox business correspondent Eleanor Terrett, Celsius Network is in communication with the United States Securities and Exchange Commission (SEC).
? @ស៊ីលណេតណេតវើក in communication with @SECGov as four states join Texas investigation into company following its decision to suspend customer redemptions. https://t.co/ybVot93QWR
— Eleanor Terrett (@EleanorTerrett) ខែមិថុនា 16, 2022
According to Reuters, state securities regulators in Alabama, Kentucky, New Jersey, Texas and Washington are looking into crypto lender Celsius Network’s move to suspend withdrawals this week. Also, Alabama Securities Commission Director Joseph Borg told Reuters that the U.S. Securities and Exchange Commission had been in contact with Celsius.
អង្សាសេ, the embattled cryptocurrency lending platform, announced on Monday that it was suspending all withdrawals, adding to the market’s already-stressed state.
.@ស៊ីលណេតណេតវើក កំពុងផ្អាករាល់ការដកប្រាក់ ប្តូរ និងផ្ទេររវាងគណនី។ ការធ្វើសកម្មភាពដើម្បីផលប្រយោជន៍សហគមន៍របស់យើងគឺជាអាទិភាពចម្បងរបស់យើង។ ប្រតិបត្តិការរបស់យើងនៅតែបន្ត ហើយយើងនឹងបន្តចែករំលែកព័ត៌មានជាមួយសហគមន៍។ ច្រើនទៀតនៅទីនេះ៖ https://t.co/CvjORUICs2
- អង្សាសេ (@CelsiusNetwork) ខែមិថុនា 13, 2022
Its involvement in stETH, a token created by Lido, was partly linked to Celsius’s woes. Celsius was forced to freeze withdrawals “partially due to stETH losses and the lack of liquidity, which turned them into forced sellers of other assets to meet redemptions.”
Celsius working nonstop: CEO
នាយកប្រតិបត្តិនៃអង្សាសេ លោក Alex Mashinsky took to Twitter on June 15, breaking the silence since his company froze withdrawals, to assure the Celsius community that the company’s team is working “non-stop” on the issue and asked for customers’ patience.
@ស៊ីលណេតណេតវើក ក្រុមកំពុងធ្វើការមិនឈប់ឈរ។ យើងផ្តោតលើកង្វល់របស់អ្នក ហើយអរគុណដែលបានឮពីមនុស្សជាច្រើន។ ដើម្បីឃើញអ្នកមកជាមួយគ្នាគឺជាសញ្ញាច្បាស់ថាសហគមន៍របស់យើងគឺជាអ្នកខ្លាំងបំផុតក្នុងពិភពលោក។ នេះគឺជាពេលវេលាដ៏លំបាកមួយ; ការអត់ធ្មត់ និងការគាំទ្ររបស់អ្នកមានន័យថាពិភពលោកសម្រាប់ពួកយើង។
- Alex Mashinsky (@Mashinsky) ខែមិថុនា 15, 2022
Concerns about the firm’s solvency have been raised since the value of its assets has dropped by more than half since October. In the same timeframe, the CEL token has lost 97% of its value. Celsius is the largest holder of CEL, a cryptocurrency that prompts customers to buy to earn rewards and get discounts on lending rates.
According to Kaiko’s Conor Ryder, the firm’s only option for generating liquidity may be to utilize its considerable stETH holdings as collateral in an over-the-counter transaction. It does not appear to have good prospects.
Source: https://u.today/celsius-in-talks-with-sec-about-withdrawal-freeze-as-investigations-get-underway-fox-reporter