WHAT’S GOING ON WITH CELCIUS BANK?

You know we bring you the good, the bad, and the ugly so let’s talk about the DeFi platform, Celcius Network.

I’m sure you remember that they filed for Chapter 11 bankruptcy protection a couple of months ago, and yesterday the Celsius Network CEO (Alex Mashinsky) resigned. His resignation is effective immediately but he will continue to help the company provide creditors with the “best outcome.”

According to Mashinsky, his role as CEO had become a distraction. He also said this in this resignation letter: “I am very sorry about the difficult financial circumstances members of our community are facing. Since the pause, I have worked tirelessly to help the company and its advisors put forward a viable plan for the company to return coins to creditors in the fairest and most efficient way.” (Well thank God for that!)🙄

Of course, after the announcement, their cryptocurrency, (the CEL token) dropped more than 7% according to Coin Market Cap; but that was expected given all that’s been happening with this company lately. This isn’t something for us to get scared about, it’s something that should make us happy that we have been given access to platforms to help us know how to make wise decisions about our money and how we invest it, especially if we’re investing in cryptocurrency.

You can also jump into my platform of choice RIGHT HERE, and choose DCX ACADEMY. Let’s have some fun learning and growing, instead of running and getting scared with everyone else. There are very few people who have the exposure, knowledge, and wisdom that we have on these platforms, so let’s set ourselves in faith to LEARN and GROW!

I’ll be right back here tomorrow, see you then!🙌🏾

Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.