/biz/ - Business & Finance

Celsius holders are desperately pleading with the Bankruptcy courts...

https://www.marketwatch.com/story/celsius-customers-write-pleas-to-bankruptcy-court-to-get-crypto-back-this-is-an-emergency-situation-simply-to-keep-a-roof-over-my-family-and-food-on-their-table-11658784650

>“I watched every single AMA each Friday since sign-up, and week in and week out Alex would talk about how Celsius is safer than banks because they supposedly don’t rehypothecate and use fractional reserve lending like the banks do,” Stephen Richardson wrote in a letter to the court. He described himself as a Celsius customer since 2019, with more than six figures worth of crypto on the platform.

>Flori Ohm, a single mother of two daughters headed to college next year, wrote in another letter: “I and my family are severely impacted both in financial and mental health by the bankruptcy and locked up cryptos. I always check the app if my cryptos are still there. I can’t focus [on] my job or sleep. I have supported my parents and my daughters by myself for [my] whole life. I am struggling hard [to make a] living,” she wrote.

>Stephen Bralver, another Celsius customer, said he has less than $1,000 left in a Wells Fargo checking account to support his family, after Celsius froze all withdrawals. Bralver called for a release of his funds with Celsius, saying that “this is an EMERGENCY situation, simply to keep a roof over my family and food on their table.”