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Celsius Set To Perform A Rug Pull? advertisement As per announcement, Celsius Network will be selling all alltoins excluding custody and withhold account holding from July 1, 2023. It mentioned that the amount recovered from the sale will be converted into Bitcoin (BTC) and Ethereum (ETH). Reports suggest that Celsius network is holding around $215 million worth of altcoins which might be dumped from July 1. As per the list, the crypto lender holds $70.5 million worth of 6.6 million Celsius tokens (CEL). CEL is trading at an average price of $0.1054, at the press time. The 2nd biggest altcoin held by Celsuis turned out to be Polygon (MATIC). It holds around $51.8 million worth of MATIC tokens. The token has already suffered a decline of more than 25% over the past 7 days. MATIC is trading at an average price of $0.57, at the press time with a market cap of around $5.3 billion. Read More Crypto News Here… Recommended Articles ...

Celsius To Conjoin US & UK Entities A committee of Celsius ’ creditors has made parallel filings in which they assert that the reorganization was a “sham” and that the exponential amount of capital that moved between the two entities was fraudulent in nature. With this, the committee believes that the New York court — which is looking to return funds to creditors — should entirely disregard these filings. advertisement Read More: LUNC Developer Teases AI App Chain “Block Entropy”, LUNC Price Eyeing $0.1? The company established a Limited Liability Company in the state of Delaware in 2021 with the intention of transferring holdings through an array of financial dealings. In June of 2021, the Financial Conduct Authority of the United Kingdom had urged the Celsius Network to discontinue its operations and halt all activities in the nation. Celsius’ Bankruptcy Woes In a statement made on May 1, Celsius...