Celsius Assures Stable Liquidity as Top Investor Proposes Recovery Plan

Celsius liquidity

Simon Dixon, a co-founder of BnkToTheFuture, and a lead advisor to the Celsius network, penned an official letter to the Celsius Team promising to assist the network in rebounding as soon as possible.

He also announced his intention to deploy booster strategies. This is similar to the recovery plan employed by the Bitfinex exchange in 2016.

In a statement, Dixon said: “As a Celsius shareholder, lender and Bitcoin evangelist – and due to the short-term systemic impact on those that own Bitcoin – I am keen to support Celsius with a recovery plan.

“As one of the first investors in Bitcoin companies, I have worked with many of them in their times of need. In 2016, Bitfinex needed a plan to recover from their hack and the company I co-founded, BnkToTheFuture.com, supported them and executed a recovery that involved security tokens, debt and equity and gave investors a very high return for the high risk they took.”

The Celsius team has also made this a public notice on its official blog. Here, the Celsius team claims their main goal is to stabilise their liquidity and return to normal operations as quickly as possible.

“It has been one week since we paused withdrawals, swap, and transfers. We want our community to know that our objective continues to be stabilising our liquidity and operations. This process will take time.”

While admitting that its social media channels are down, Celsius has assured its users that they remain their prime concern.

Adding “acting in the interest of our community remains our priority, and we will continue to work around the clock.”.

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