{"id":445540,"date":"2022-05-11T19:44:50","date_gmt":"2022-05-11T16:44:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/celsius-network-execs-deny-rumors-of-significant-losses-amid-market-volatility\/"},"modified":"2022-05-11T19:44:50","modified_gmt":"2022-05-11T16:44:50","slug":"celsius-network-execs-deny-rumors-of-significant-losses-amid-market-volatility","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/celsius-network-execs-deny-rumors-of-significant-losses-amid-market-volatility\/","title":{"rendered":"# Celsius Network execs deny rumors of significant losses amid market volatility"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4169f12e0a2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4169f12e0a2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/celsius-network-execs-deny-rumors-of-significant-losses-amid-market-volatility\/#%E2%80%9D_Celsius_Network_execs_deny_rumors_of_significant_losses_amid_market_volatility_%E2%80%9C\" >&#8221; Celsius Network execs deny rumors of significant losses amid market volatility &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Celsius_Network_execs_deny_rumors_of_significant_losses_amid_market_volatility_%E2%80%9C\"><\/span>&#8221; Celsius Network execs deny rumors of significant losses amid market volatility &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNzI4ZWU3ODMtMDEwMi00YTcyLTkzNzEtMTNmZjBkYTRlNDc2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The fallout from extreme volatility in the crypto market hasn\u2019t significantly affected Celsius Network, according to its leadership.\u00a0<\/p>\n<p>Seemingly in response to a now-deleted tweet from <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user David Belle that\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/pbs.twimg.com\/media\/FSexUDaWUAAKVHe.png\">claimed<\/a> the platform had been \u201ccompletely wiped out,\u201d Celsius CEO Alex Mashinsky posted a message to his more than 172,000 Twitter followers that \u201call funds [were] safe\u201d and the platform was continuing to do business. Mashinsky acknowledged the \u201cextreme market volatility\u201d currently impacting projects including Terra (LUNA) and stablecoin TerraUSD (UST).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Rumblings that Celsius is getting wiped out, if you have funds with them this might be your last chance to make a move before its too late. So far just rumors, but consider this fair warning!<\/p>\n<p>\u2014 MGCryptoPulse (@MGCryptopulse) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MGCryptopulse\/status\/1524399477632557056?ref_src=twsrc%5Etfw\">May 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Notwithstanding the extreme market volatility, Celsius has not experienced any significant losses and all funds are safe.<\/p>\n<p>\u2014 Alex Mashinsky (@Mashinsky) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Mashinsky\/status\/1524404645803745280?ref_src=twsrc%5Etfw\">May 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe LUNA price has fallen more than 93% in the last 24 hours to reach $2.18 at the time of publication following a mass sell-off, with UST having dropped roughly 40% to a price of $0.55. On Tuesday, Terra co-founder Do Kwon <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stablekwon\/status\/1524049689510694916\">hinted<\/a> at a \u201crecovery plan,\u201d later <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stablekwon\/status\/1524331183261163520\">adding<\/a> he supported community proposals to increase the project\u2019s minting capacity. However, Mashinsky\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Mashinsky\/status\/1524367858964254720\">said<\/a> that the platform was \u201cnot involved in any Luna bailout\u201d in an effort to save the project.<\/p>\n<p>&#8220;Our top priority is to ensure that all digital assets on our platform remain safe and secure,&#8221; Rod Bolger, chief financial officer at Celsius, told Cointelegraph. &#8220;Our front office teams also think and act like risk managers to ensure that we are not exposed in any significant way to market swings. Our liquidity position remains very strong.&#8221;<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Terra (LUNA) hits new all-time high after 100% rebound from 2022 lows \u2014 Correction ahead?<\/em><\/strong><\/p>\n<p>The uncertainty around UST\u2019s de-pegging from the U.S. dollar has impacted the price of major cryptocurrencies including Bitcoin (BTC) and Ether (ETH), both of which have fallen more than 21% in the last week. Major crypto exchange Binance also temporarily suspended withdrawals of LUNA and UST withdrawals on Monday, citing network congestion.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/celsius-network-execs-deny-rumors-of-significant-losses-amid-market-volatility\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Celsius Network execs deny rumors of significant losses amid market volatility &#8220; The fallout from extreme volatility in the crypto market hasn\u2019t significantly affected Celsius Network, according to its leadership.\u00a0 Seemingly in response to a now-deleted tweet from Twitter user David Belle that\u00a0claimed the platform had been \u201ccompletely wiped out,\u201d Celsius CEO Alex Mashinsky&#8230;<\/p>\n","protected":false},"author":1,"featured_media":445541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNzI4ZWU3ODMtMDEwMi00YTcyLTkzNzEtMTNmZjBkYTRlNDc2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74860,75493,75541,117],"class_list":["post-445540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-stablecoin","tag-volatility","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/445540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=445540"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/445540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/445541"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=445540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=445540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=445540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}