Celsius Users Fight It Out With Crowdfunding For This Battle
After Celsius filed for bankruptcy last month, the crypto community was in disarray with severe drop in prices. In recent times, Celsius users have been uniting to stage a fight for the return of their funds. Interestingly, the user community is increasingly getting involved in pursuit of legal fight. They have been using various channels through social media to unite users and collect resources.
Celsius Users Unite To Fight It Out For The Funds
According to a Bloomberg report, a Telegram group consisting around 1,000 Celsius users have been crowdfunding for their common cause. Not just Reddit, even Telegram and Twitter are now the focal points of discussion for the community of Celsius users. The communities are driving efforts for a legal battle by asking individual users to write letters to the judge on the Celsius case. They are also collecting funds for legal representation, the report added.
“The ‘Celsius Custody Accts’ group amassed more than 950 members on Telegram since being promoted on Reddit. Several dozen users have coughed up $1,500 or more to join the group’s committee.”
Through small donors, the crowdfunding campaign has so far raised over $3,000. Before the Celsius crisis unfolded and everything seemed fine with the community, users were quite active on social media. On the Celsius Reddit group, there are more than 47,000 active users, the report said. The same group has now become the center stage for a united fight for return of user funds.
Voyager Users Unite Too
In addition to the Celsius community, the Voyager account holder community is also quite active in their fight. As per the report, there is a Telegram group of users who invested $5,000 in Voyager. Members of the group share news and discuss possible lawsuits to intensify their fight for the return of money. In the first week of July, Voyager filed for bankruptcy. The crypto lender had exposure to hedge fund Three Arrows Capital. The firm had around $1 billion in assets with more than 1,00,000 creditors.
- Kraken Secures $500M at $15B Valuation, Eyes IPO in 2026
- Bybit Lists Ripple’s RLUSD Following BlackRock and VanEck Integration
- SWIFT Plans Stablecoin and On-Chain Messaging Pilot on Linea, Challenging Ripple
- Breaking: U.S. PCE Inflation Rises To 2.7% YoY, Bitcoin Bounces
- Breaking: $10 Trillion Vanguard Plans to Offer Crypto ETFs to Brokerage Clients
- Solana Price Set for Q4 Surge as Canary Capital ETF Filing Meets Wyckoff Accumulation
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
