Celsius Network execs deny rumors of significant losses amid market volatility

2022.05.11 21:26

Celsius Network execs deny rumors of significant losses amid market volatility

The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership.

Seemingly in response to a now-deleted tweet from Twitter (NYSE:TWTR) user David Belle that claimed the platform had been “completely wiped out,” Celsius CEO Alex Mashinsky posted a message to his more than 172,000 Twitter followers that “all funds [were] safe” and the platform was continuing to do business. Mashinsky acknowledged the “extreme market volatility” currently impacting projects including Terra (LUNA) and stablecoin TerraUSD (UST).

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