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Celsius Network Addresses Community Amidst Investor Recovery Plan

You are probably aware of the tragedy amidst the Celsius Network issues that blocked a lot of investors’ money. Check out the latest reports about the crypto firm and what it had to address the investors about a potential recovery plan.

Celsius Network reveals an important message to investors

According to the latest data coming from the online publication the Daily Hodl, it seems that the crypto lending firm Celsius (CEL) is reaching out to users in hopes of touching base after the platform halted withdrawals last week.

In a new blog post, Celsius made sure to tell people that they are focusing on stabilizing their abruptly-tumultuous operations.

“It has been one week since we paused withdrawals, swap, and transfers. We want our community to know that our objective continues to be stabilizing our liquidity and operations. This process will take time.”

Amidst the important state regulators across the US opening investigations into Celsius’ operations, the firm says they have always maintained transparency with regulators and will continue to do so.

After they managed to announce the suspension of their social media profiles, for the time being, Celsius re-assured users that they are the exchange’s top priority.

“Acting in the interest of our community remains our priority and we will continue to work around the clock.”

Since Celsius revealed the fact that people will have to deal with the temporary stop of withdrawals on June 12, its native token CEL has crashed by over 99% from its all-time high.

You should check out our recent article that addressed the terrible issues that the crypto firm had to deal with and the massive effects that all this had on the entire crypto market.

Now, the crypto market is making efforts to recover following the important price losses that it saw lately. At the moment of writing this article, the most important coins in the market are trading in the green.

Bitcoin is currently also trading in the green and the king coin is exchanging hands for $21,164.

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