The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership.
Seemingly in response to a now-deleted tweet from Twitter (NYSE:TWTR) user David Belle that claimed the platform had been “completely wiped out,” Celsius CEO Alex Mashinsky posted a message to his more than 172,000 Twitter followers that “all funds [were] safe” and the platform was continuing to do business. Mashinsky acknowledged the “extreme market volatility” currently impacting projects including Terra (LUNA) and stablecoin TerraUSD (UST).