Celsius is still emailing its users about their weekly rewards even after the crypto lender has paused all operations on its platform while blaming it on the extreme market conditions, even though some reports have already stated that the crypto lender was undergoing liquidity issues and might be really close to insolvency, potentially putting the users’ funds at risk.
Celsius Stepping On The Nerve Of Its Users
The crypto lender, Celsius, still seems to be emailing users of its platform about their weekly rewards despite the fact that they can’t still withdraw, since all operations including withdrawals on the platform have been paused. The community of this platform has taken that as an “insult” with most of them taking to their Twitter and tweeting their thoughts while also venting their annoyance on this issue.
Enraged Celsius Community Over Audio Weekly Rewards
Annoyed communities including figures such as Simon Dixon and Bitcoin (BTC) OG have been seen tweeting their thoughts on this issue. The CEO and co-founder of an online investment platform called BnkToTheFuture also tweeted his confusion to his 59k followers on Monday about the fact that he is still receiving some amount of crypto rewards but can’t even withdraw them, because he is unable to.
He tweeted. “Email on one of my accounts. Can’t withdraw but @CelsiusNetwork is still paying out. I’m curious if you think the rewards should still be coming? Thoughts?”
Not even only the CEO and co-founder of BnkToTheFuture. Another tweep with an account named CryptoStylesUSA even went ahead and called this issue “insulting”, his tweet alone shows Celsius might actually be stepping on his nerves as they continue to pay weekly rewards while keeping his “crypto hostage.”
“This is honestly insulting. Celsius Network is still paying weekly rewards while holding my crypto hostage.” – CryptoStylesUSA
Celsius Response?
At the moment, Celsius hasn’t given any response to its annoyed community, and we still can’t say if they will give a response, because even the Celsius website which is currently in the process of revamping due to the liquidity issues is still doing the unbelievable, as they are still advertising the annual percentage yields (APYs) of up to 18.63% on crypto deposits, a matter which many have argued is unsustainable, and shouldn’t even be real in the first place.
That aside, Celsius is still also offering 10% rewards on first deposits up to $250,000, despite the current issue going on of not allowing users to withdraw their funds from the platform.
Conclusion
Maybe Celsius is just ignorance, but the fate of the funds of its users is still currently uncertain. Just recently, with things looking like the company might be facing bankruptcy, they reportedly onboarded lawyers from a management consulting firm.
And also, on Monday, some rumors were swirling around that Celsius CEO Alex Mashinksy tried to flee the country via Morrison Airport in New Jersey but was stopped by authorities. However, with the story originating from crypto analyst Mike Alfred, the company appears to have denied this accusation.
