Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?
Blue
Red
Green
Orange
Voilet
Slate
Dark
  Guest viewing is limited

⚠️DOUBTFUL Celsius Network Reviews

BorisOZ

Newbie Member
LV
0
 
Joined
Mar 7, 2019
Messages
28
Reaction score
9
Points
0
Location
Australia
BMF Points
$40
Rating - 0%
0   0   0
I haven't been able to find any other reviews so I thought I'd make one here.
Celsius.network claims to be a wallet type of thing where you can deposit your coins and earn up to 7% interest a year, with no lock in. Interest is said to be calculated daily and handed out weekly. Their website looks like it had lots of effort put into it and they have an android and iOS app for it too. Has anyone had experience with this website before or does anyone know whether it is legit or not? I don't want to deposit my bitcoins before I am sure that they are legit.
 
Yesterday I made another Bitcoin deposit in my Celsius account, today interest has come to all my cryptocurrencies, as usual on Monday.
 
Only for those who didn't have celcius wallet accounts before
Celcius network wallet is a cryptocurrency currency interest wallet founded in 2017 and used by over 100k people worldwide, granting loans and giving interest up to 5% per annum on dormant cryptocurrency holdings. This wallet is great for people who love to HODL?.


Hey guys task is easy. Download the celcius network cryptocurrency wallet app with my referral code and complete KYC.

Click here to download the app

My referral code is: 138696b4ee

Cross check to ensure that the referral code is correct before signing up, because without being referred, we both won't be eligible for the free 20 dollars?

Send screenshot of completion of task.

PS: the 20 DOLLARS will only be given to you when you have left at least 20 dollars worth of cryptocurrency savings in the wallet. KYC is necessary before you will be allowed to make transactions. Join me in using celcius wallet, the best in the world ?


Screenshot_20201215-071812_CryptoTab Browser Pro.jpg
 
Celsius just stopped the functions , but its price increased by 70% and returned to previous level. I didnt understand why everyone panicked when see red chart. It is normal for every trade to have green and red periods. Until next year,market will be unstable for long term huge investments
 
Lol. I didn't realize that Celsius has been around longer than I imagine it would be. To think that they have been around but failed to gather enough user base is proof enough that the company is crappy. Nexo now offers even higher interest rate. Too bad, seems Celsius ignored their buyout offer.
 
Since Luna Crash, every platform lost a blast, so they have liquidity problem. Howevwr, a big withdrawal (50k stETH) by Alameda Research, another firm of FTX owner Samuel Bankman-Fried, the same person who multiple times defended Do Kwon, and was first to support Reboot Luna 2.0
 
Update

Online banker Simon Dixon, CEO of online bank "BnkToTheFuture", is also an investor in Celsius. Dixon suggests using financial innovation method, this method is tested, in 2016, it saved Bitfinex from liquidation . This method might save Celsius network,
 
Update
Celsius is still advertising itself while keeping withdrawal & transaction paused, even the investors are receiving mails from Celsius about receiving their staking rewards. Yet nobody is happy, because nobody is allowed to access to their assets.
 
Update

Celsius is reportedly paying off it's debt to DeFi giant "Maker" since 1st July.

Celsius has not resumed its withdrawal future that is paused since 12 June, it is still taking advice from lawyers hired for restructuring, and there is no news about its fired 25% Staff, yet it is trying to pay off debit.

According to the available data, Cassius has already paid $183 million, but it have to pay $41 million more.​
 
Update
According to available online sources, Celsius Network has paid-off its bitcoin loan in full; At the same time their liquidation value has also come down to zero. People also believe that their investments have been used to make loan payments, thats why user funds are still locked, which, if given access, everyone will withdraw their investments. So right now Celsius will not give its customers any access to their investments.

1657268167433.png
 
Trouble Update

This is more like legal update, but trouble for Celsius owner Alex Mshinsky, because Bitboy founder Ben Armstrong is trying to mobilize other victims in legal battle against Alex. Recently Ben is trying to cope KeyFi's Jason Stone who is pulling out Celsius' err.

Screenshot_20220709-124326_Twitter.jpg
 
Update

Read bold if you are a quick reader -

After June 30th, Celsius suddenly got updated again, after it filed for Chapter 11 protection, as reported in a lengthy thread. According to Celsius, the company has begun a financial restructuring, (which appears to be merely a declaration for Chapter 11 protection, because it means the company was doing nothing before that.
This time Celsius has also changed its FAQ, it will take time to understand it, but can't give any positive feedback right now.

1657788582994.png
 
Update

Celsius is back online, informing about how it is going to present itself in court, yeah court case will start of Monday (18 July perhaps), that is what Celsius said.

However people are still unhappy and sharing how they dislike the network and it's boss Alex Mshinsky.

Screenshot_20220716-215151_Twitter.jpg
 
Update

Celsius and CEO Alex Mshinsky have now become either laughing stock, or disgust. New critical memes are being used against them by the people.
Oye this guy has even made an effort to do business in it after seeing the non stop criticism.
Screenshot_20220716-185915_Twitter.jpg

Anyway I am not advising anyone to buy it, consider it a meme that targets Alex and Celsius.
 
Update

During a first hearing in the SDNY Bankruptcy Court on Monday, Celsius claimed the company owed more than $5 billion to its 500k creditors. The company's balance sheet is also believed to have a hole of $1.2 billion. At present, the court has given the date of the next hearing (August 10).

 
Court Update
Celsius has updated that the hearing for the second day has been reset to August 16th.
1659678867820.png

Right now people are still angry because CEO Alex is still taking huge salary every week, CFO has been re-appointed for $150k per month. Lawyer charges are other expenditure.
Till the end there will be nothing left to give back to the investors.
 
Celsius CEO Alex Mshinsky Resigns

Celsius CEO Alex Mshinsky has resigned from his post, this includes all posts in Celsius and irs subsidiaries, be it's direct or indirect. It is said that Mashinsky has been given a severance-package of 4B USDT. Actually this means he is free to go, or might create another position for himself in the company
 
Already Bankrupt and more after FTX

Celsius is fond of exaggerating its bankruptcy. Now as FTX is devastated, and all other platforms are denying any association with any of the SBF firms in order to save their business, Celsius is talking about burying its big bucks in it.

Screenshot_20221112-180824-024.png
 

📢 Recommended Partners

MGID - Native Performance & Programmatic Advertising Platform MGID Team
0.00 star(s) 0 ratings
Updated
Roobet.com | Crypto’s Fastest Growing Casino 🦘 Roobet.com
0.00 star(s) 0 ratings
Updated
Duckdice.io - Top Crypto Gambling - Bitcoin Dice DuckDice.io
0.00 star(s) 0 ratings
Updated
BMFAds.com - Advertise and Monetize Your CPC, CPM, POP Traffic BMF Staff
4.00 star(s) 4 ratings
Updated

banner

REWARDS: Active Raffles


  • 🤑 Roll 3: Win 100,000 BMF Points!

    The entry period for this raffle ends in..
Back
Top Bottom

Earnings Disclaimer:  All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.