CEL token enjoys uptick despite Celsius bankruptcy
Crypto lender Celsius Network continues to face legal upheavals as it embarks on a new journey post-bankruptcy. Meanwhile, its native CEL token has seen a 40% increase in the past seven days. Navigating legal challenges Celsius Network’s transition unfolds against a backdrop of legal challenges and financial turbulence. The recent court endorsement of the firm’s strategic shift toward crypto mining signifies a crucial milestone for the company, aiming to rectify the predicament of customers who have so far endured prolonged fund inaccessibility. You might also like: Former Celsius executive pleads guilty to price manipulation charges Amidst these developments, revelations by the Commodity Futures Trading Commission (CFTC) uncovered Celsius’s infringement of U.S. regulations, including misleading investors and operating without proper registration. This disclosure further complicated the company’s trajectory, outlining regulatory discrepancies and c...