Celsius

Celsius Customers “frustrated ” with coin suspended withdrawals

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The firm initially suspended withdrawals from its platform in early summer before filing for bankruptcy. The case is being heard in a court in the Southern District of New York, USA. But behind the headlines are the people who invested money in some instances their “life savings” – in Celsius.

Many of these people have submitted their written testimony to the court and the presiding judge, Martin Glenn, ahead of a forthcoming hearing. Here’s what some of them had to say.

Florida-based Mark Hide wrote that he had “over USD 25,000 worth of cryptocurrency deposited in a Custody account” with Celsius, and explained “I strongly feel that Celsius, in particular Alex Mashinsky, has lied to the community about the safety of our assets. I feel like I have been lied to and misled. I am embarrassed that I have so much money tied up in what now seems to be a scam.”

Finnish citizen named Petri Tuomela, who claims to have had more than USD 50,000 locked up in Celsius, explained: “I am embarrassed, sad, and angry that my life savings were invested [in] a ‘bank’ which was a lie. This will have significant ramifications to my retirement and it is beyond awful.”

With the fate of their coins up in the air, some investors expressed their displeasure at the way Celsius has been handling the matter, and appear unsure how to proceed.

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