Is NEXO Going To Buy Celsius? Crypto News Today


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12 Comments

  1. it's very concerning that this kind of thing happens. For this very reason I transferred my btc and eth back to my hardware wallet

  2. Don’t catch feelings for Nexo there still downside for Nexo to get liquidated as well.

  3. NEXO is not going to buy CELSUIS, or any part of it. That two page "letter of intent" from NEXO was a transparent press release, designed to make people think, "hey if NEXO is willing to buy CELSUIS, then NEXO must be solvent." It was designed for one purpose — so NEXO holders don't also start withdrawing. Please don't buy into this by acting like this was a legitimate acquisition proposal. There was no purchase price in the letter, no definitive terms at all, nothing enforceable. It was, legally speaking, nothing more an an invitation to negotiate with no binding obligations on any side, which NEXO knows would be fully ignored by CELSUIS. Moreover, the fact that NEXO felt the need to put out such a transparent publicity stunt makes me wonder if NEXO is, in truth, actually dangerously close itself to a similar liquidity crisis.

  4. I've got about 1 quater of my crypto in celcius. Seemed I was skeptical for a reason

  5. i think ran of crypto banter put it well. tthat said, trust has been broken and if/when they allow people to remove assets they will effectively die.

  6. I think had Celcius not hauled trading and withdrawals it would have collapsed. I pray they are working to acquire adequate liquidity but should trading resume people will run off the platform so I do not anticipate they will unlock those funds until we enter a bear market and tokens are at new lows which would mean they would have time to up their game to acquire assets to back them up for liquidity and also people will be less likely to sell when tokens hit the bottoms for a crypto winter. In my opinion it is better than people losing their assets all together and it was a gamble they took when they signed up for high percent gains for such volatile assets. It goes to show that in a Bull market what Celcius was doing worked but not in a bear market. They simply could not afford for everyone to jump ship as they did not have the means where with which to support all that liquidity flow all at once. Let this be a lessen. But I pray Celcius will work it out. Qnd should locking up assets saves assets then okay. There will be another bull run to come. But to lose one’s initial investment would truly be sad.

  7. Beginning of this bear market has been crazy so many Crypto Projects falling apart early we’re not even up in the thick of the bear market yet🤷🏼‍♂️💯

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