The reality is this is closer to a case of much ado about nothing. Celsius didn’t receive a material amount of funds from its donation drive, and what little bitcoin it did get it sent on to Ukraine. The ether stayed in the wallet, but in the amount in question is the equivalent of a rounding error. The firm’s poor public image, however, and the choice to use its own wallets and not well-publicized Ukrainian wallets, encourages some conspiracy theory narratives.
Related posts
-
Unveiling Bitcoin’s Drop To $65,000: Here’s How Much BTC Miners Sold
Bitcoin has faced a significant amount of selling pressure over the past week, according to the... -
Finance Titan Bernstein Predicts Bitcoin At $1 Million, Here’s When
In an analysis released Thursday, leading global investment firm AllianceBernstein with assets under management worth $725... -
Coinbase’s State of Crypto report: Here’s what we learned
A staggering 86% of Fortune 500 executives believe tokenization could be valuable for their companies —...