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Celsius Network recently executed a significant move by burning all 652.2 million CEL tokens, amounting to $85.75 million and accounting for 93.7% of the total supply. As a result, the current total supply stands at 40.6 million CEL, as indicated on CoinGecko. This action potentially contributed to a 7% increase in the CEL price, rising from $0.13 to $0.139 within 7 hours following the burn. Despite the token burn, CEL continues to be actively traded on various centralized exchanges (CEX), including OKX, Bitget, Gateio, Bybit, and MEXC. Interestingly, Celsius Network had previously mentioned its intention to burn all CEL tokens in its possession in a September 2023 bankruptcy filing. However, this token burn was not reiterated when the company announced plans to distribute $3 billion in crypto to creditors in January 2024. It's worth noting that a test burn of 2 CEL tokens had taken place three months ago on January 24, 2024. This recent mass burn signals a significant shift in Celsius Network's token strategy. Address: 👇 0x455257963812c008ce8edf3d08cb48e95c8aa2e2 #Celsius $CEL #CEL #BURN
Celsius Network recently executed a significant move by burning all 652.2 million CEL tokens, amounting to $85.75 million and accounting for 93.7% of the total supply.

As a result, the current total supply stands at 40.6 million CEL, as indicated on CoinGecko. This action potentially contributed to a 7% increase in the CEL price, rising from $0.13 to $0.139 within 7 hours following the burn.

Despite the token burn, CEL continues to be actively traded on various centralized exchanges (CEX), including OKX, Bitget, Gateio, Bybit, and MEXC.

Interestingly, Celsius Network had previously mentioned its intention to burn all CEL tokens in its possession in a September 2023 bankruptcy filing.

However, this token burn was not reiterated when the company announced plans to distribute $3 billion in crypto to creditors in January 2024.

It's worth noting that a test burn of 2 CEL tokens had taken place three months ago on January 24, 2024. This recent mass burn signals a significant shift in Celsius Network's token strategy.

Address: 👇
0x455257963812c008ce8edf3d08cb48e95c8aa2e2

#Celsius $CEL #CEL #BURN
Celsius Founder Alex Mashinsky Granted BailCryptosHeadlines.com - The Leading Crypto Research Network: According to court records, Mashinsky pleaded not guilty to seven charges. His New York City residence and bank account will be used as collateral for the bond. Following his arrest on fraud charges, a U.S. District Judge granted bail to Alex Mashinsky, the founder and former CEO of insolvent crypto lender Celsius, at $40 million. Court records indicate that Mashinsky pleaded not guilty to seven charges, including deceiving investors and manipulating the price of the #CEL token. The Department of Justice, the Federal Trade Commission, and federal securities and commodities agencies announced their intention to take action against Mashinsky and other officials on Thursday. Agreement Terms: Travel and Account Restrictions for Mashinsky: Mashinsky’s bail conditions include a prohibition on leaving the country and opening new financial or cryptocurrency accounts. His wife will be the sole signatory on the bond, while the co-signatory’s identity remains undisclosed. His NYC residence and bank account serve as collateral. Mashinsky’s attorneys assert his strong denial of the charges and vow to mount an aggressive defense in court. Mashinsky Arrested in Celsius Investigation: DOJ Charges Filed: Alex Mashinsky was arrested by the U.S. Department of Justice (DOJ) in New York on Thursday, linked to the collapse of crypto lender Celsius. The charges against Mashinsky and others include securities fraud, commodities fraud, wire fraud, and conspiracy related to the manipulation of Celsius’ token, CEL. In July 2022, the lending platform Celsius declared bankruptcy, and its assets were recently acquired by the cryptocurrency consortium Fahrenheit. New York Attorney General Letitia James filed a lawsuit against Mashinsky in January, accusing him of misleading investors regarding the company’s financial condition before the bankruptcy filing. Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice. #celsius #celsiusnetwork $BTC $ETH $BNB

Celsius Founder Alex Mashinsky Granted Bail

CryptosHeadlines.com - The Leading Crypto Research Network:

According to court records, Mashinsky pleaded not guilty to seven charges. His New York City residence and bank account will be used as collateral for the bond.

Following his arrest on fraud charges, a U.S. District Judge granted bail to Alex Mashinsky, the founder and former CEO of insolvent crypto lender Celsius, at $40 million.

Court records indicate that Mashinsky pleaded not guilty to seven charges, including deceiving investors and manipulating the price of the #CEL token.

The Department of Justice, the Federal Trade Commission, and federal securities and commodities agencies announced their intention to take action against Mashinsky and other officials on Thursday.

Agreement Terms: Travel and Account Restrictions for Mashinsky:

Mashinsky’s bail conditions include a prohibition on leaving the country and opening new financial or cryptocurrency accounts.

His wife will be the sole signatory on the bond, while the co-signatory’s identity remains undisclosed. His NYC residence and bank account serve as collateral.

Mashinsky’s attorneys assert his strong denial of the charges and vow to mount an aggressive defense in court.

Mashinsky Arrested in Celsius Investigation: DOJ Charges Filed:

Alex Mashinsky was arrested by the U.S. Department of Justice (DOJ) in New York on Thursday, linked to the collapse of crypto lender Celsius. The charges against Mashinsky and others include securities fraud, commodities fraud, wire fraud, and conspiracy related to the manipulation of Celsius’ token, CEL.

In July 2022, the lending platform Celsius declared bankruptcy, and its assets were recently acquired by the cryptocurrency consortium Fahrenheit. New York Attorney General Letitia James filed a lawsuit against Mashinsky in January, accusing him of misleading investors regarding the company’s financial condition before the bankruptcy filing.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#celsius #celsiusnetwork $BTC $ETH $BNB
#CEL Any news on this token? Got trapped here. 2% SL ❌ Better to stay out. 0.2920$ upper resistance.
#CEL
Any news on this token?
Got trapped here. 2% SL ❌
Better to stay out. 0.2920$ upper resistance.
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Crypto_Jobs
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Baissier
$CEL
Possible scalp short idea📉
H4 - D1 resistance❗️
overbuy zone❗️
#CEL #trading #crypto #BTC #dyor
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#CEL #NEO #cryptonews #crypto2023 #BinanceSquare $CELO $NEO 🟢 $2B Celsius Reimbursement Finally Allocated for Creditors 💬 Creditors in Celsius Network's Chapter 11 proceedings have agreed to be paid $2 billion in crypto and company stock. 🔴 Neo GAS Crypto Price Prediction: Why Do Koreans Love This Coin? 🗨 While GAS crypto price prediction has flipped bullish, it might not be a great idea to chase the ongoing pump. Watch out the retest of the $32. 👨‍👩‍👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news ❤️ Don't forget to LIKE the post - it's the best support for me
#CEL #NEO #cryptonews #crypto2023 #BinanceSquare
$CELO $NEO

🟢 $2B Celsius Reimbursement Finally Allocated for Creditors
💬 Creditors in Celsius Network's Chapter 11 proceedings have agreed to be paid $2 billion in crypto and company stock.

🔴 Neo GAS Crypto Price Prediction: Why Do Koreans Love This Coin?
🗨 While GAS crypto price prediction has flipped bullish, it might not be a great idea to chase the ongoing pump. Watch out the retest of the $32.

👨‍👩‍👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
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🚨🚨 #crypto HOLDERS PAY ATTENTION Starting July 1st, #Celsius will sell and convert customers' Altcoins worth $215,149,635 into BTC and ETH Here are the top holdings affected: 🔹 #CEL - $70.5M 🔹 #MATIC - $51.8M 🔹 #ADA - $26.2M 🔹 #LINK - $17.2M 🔹 #LTC - $14.3M 🔹 #DOT - $7.8M Prepare for potential market impact as Celsius carries out this conversion. Stay informed and adapt your strategy accordingly! $MATIC $ADA $LINK
🚨🚨 #crypto HOLDERS PAY ATTENTION

Starting July 1st, #Celsius will sell and convert customers' Altcoins worth $215,149,635 into BTC and ETH

Here are the top holdings affected:

🔹 #CEL - $70.5M

🔹 #MATIC - $51.8M

🔹 #ADA - $26.2M

🔹 #LINK - $17.2M

🔹 #LTC - $14.3M

🔹 #DOT - $7.8M

Prepare for potential market impact as Celsius carries out this conversion. Stay informed and adapt your strategy accordingly!

$MATIC $ADA $LINK
#CEL #cryptonews #crypto2023 #BinanceSquare $CELO 🟢 CEL token enjoys uptick despite Celsius bankruptcy 🗨 Crypto lender Celsius Network continues to face legal upheavals as it embarks on a new journey post-bankruptcy. Meanwhile, its native CEL token has seen a 40% increase in the past seven days. 👨‍👩‍👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news ❤️ Don't forget to LIKE the post - it's the best support for me
#CEL #cryptonews #crypto2023 #BinanceSquare
$CELO

🟢 CEL token enjoys uptick despite Celsius bankruptcy
🗨 Crypto lender Celsius Network continues to face legal upheavals as it embarks on a new journey post-bankruptcy. Meanwhile, its native CEL token has seen a 40% increase in the past seven days.

👨‍👩‍👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
Crypto lender Celsius revises bankruptcy plan after a successful bid by Fahrenheit consortium, awaiting approval from the New York bankruptcy court. #Celsius #CEL https://blockchainreporter.net/crypto-lender-celsius-revises-bankruptcy-plan-in-light-of-new-deal/
Crypto lender Celsius revises bankruptcy plan after a successful bid by Fahrenheit consortium, awaiting approval from the New York bankruptcy court.

#Celsius #CEL

https://blockchainreporter.net/crypto-lender-celsius-revises-bankruptcy-plan-in-light-of-new-deal/
The bankrupt cryptocurrency lending firm Celsius Network (CEL) announced plans to recall Ethereum (ETH) tokens as part of its ongoing restructuring process. #Celcius #ETH #CEL
The bankrupt cryptocurrency lending firm Celsius Network (CEL) announced plans to recall Ethereum (ETH) tokens as part of its ongoing restructuring process.

#Celcius #ETH #CEL
Explore the SEC's legal action against defunct crypto lender Celsius and ex-CEO Alex Mashinsky for alleged fraud, unregistered transactions, and manipulation. #SEC #CEL #CFTC #Celsius https://blockchainreporter.net/sec-commences-legal-action-against-celsius-and-former-chief-alex-mashinsky/
Explore the SEC's legal action against defunct crypto lender Celsius and ex-CEO Alex Mashinsky for alleged fraud, unregistered transactions, and manipulation.

#SEC #CEL #CFTC #Celsius

https://blockchainreporter.net/sec-commences-legal-action-against-celsius-and-former-chief-alex-mashinsky/
#CEL #cryptonews #crypto2023A #BinanceSquare $CELO 🟢 Celsius Bankruptcy Case Comes to a Close 🗣️ Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its hundreds of thousands of customers, the Wall Street Journal (WSJ) reported Thursday (Nov. 9). 👨‍👩‍👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news ❤️ Don't forget to LIKE the post - it's the best support for me
#CEL #cryptonews #crypto2023A #BinanceSquare
$CELO

🟢 Celsius Bankruptcy Case Comes to a Close
🗣️ Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its hundreds of thousands of customers, the Wall Street Journal (WSJ) reported Thursday (Nov. 9).

👨‍👩‍👧 JOIN me to learn how to EARN with trading and get the FASTEST crypto news
❤️ Don't forget to LIKE the post - it's the best support for me
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