Dogecoin DOGE/USD cofounder Jackson Palmer took to Twitter Inc TWTR to share his disapproval of bankrupt crypto lender Celsius Community.
What Occurred: “Thoughts-boggling that though they’ve filed for chapter, you’ll be able to nonetheless click on “Get Began” on the Celsius web site they usually’ll promote you the 17% APY on the registration web page,” stated Palmer in a tweet on Wednesday.
Thoughts-boggling that though they’ve filed for chapter, you’ll be able to nonetheless click on “Get Began” on the Celsius web site they usually’ll promote you the 17% APY on the registration web page. pic.twitter.com/baMmrRvq8p
— Jackson Palmer (@ummjackson) July 14, 2022
Earlier within the day, Celsius stated it had filed for Chapter 11 bankruptcy in the US Chapter Courtroom for the Southern District of New York.
“That is the proper resolution for our neighborhood and firm,” stated Celsius CEO Alex Mashinsky in an announcement.
Celsius first halted withdrawals on its platform on June 12 citing “excessive market situations.” The platform’s native token CEL crashed 55% shortly after the information was introduced.
Worth Motion: At press time, CEL was buying and selling at $0.6, down 20% over the past 24 hours. As per information from Benzinga Pro.
Bitcoin BTC/USD was buying and selling at $20,000, gaining 2.96% and Ethereum ETH/USD was buying and selling at $1,105, up 4.42% over the identical interval.
Picture by way of mundissima on Shutterstock
