BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion By Cointelegraph

BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

Cryptocurrency Jul 01, 2022 12:20AM ET

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BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

Celsius’ lead investor BnkToTheFuture has outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform.

Shared on Twitter (NYSE:TWTR) by BnkToTheFuture CEO Simon Dixon on June 30, the three distinct proposals include either two options of restructuring and relaunching Celsius, or potentially co-investing in the platform alongside wealthy Bitcoin Whales.

Celsius may have its own solution

FTX walked away from Celsius deal over bad financials

Continue Reading on Coin Telegraph

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Comments (2)

AD Parrot Jul 01, 2022 5:53AM ET

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Oh God, there is no plan that will save this. The moment they open withdrawals up again there will be a rush to the exits. And if they issue bogus debt tokens in exchange for deposits, they will be sold down to ZERO within hours. Where will you find "whales" dumb enough to throw cash at that proposition with or without a recssion looming. This is a train wreck in slow motion.

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Johnny Crash Jul 01, 2022 1:19AM ET

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Let's bring Frankenstein alive

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BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

Celsius may have its own solution

FTX walked away from Celsius deal over bad financials

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