cryptocurrency

Percent customers in Australia are desperately trying to get their crypto back

Australia and cryptocurrency have become a huge pair, which is why a lot of people in the country flocked to Celsius Network earlier in the year to get the potential interest on their coins. Thus, we can understand that many of them are not Very happy with what Occurred with Celsius over the past few weeks.

The centenary customer in Australia is going through a tough time

Things got off to a very rough start when the cryptocurrency lending platform decided to stop all withdrawals a few months ago. The company announced that there had been no issues, and this was likely a move that would protect it – and its customers – from the ongoing volatility and market volatility. The cryptocurrency space has been experiencing the toughest bear market it has ever seen, with assets like bitcoin losing as much as 70 percent of their value in that time.

But if that wasn’t bad enough, Celsius poured salt on the wounds inflicted on her clients by declaring that she was in the midst of bankruptcy proceedings. This is designed to give the company the time it needs to sort out its financial situation, meaning that customers cannot take judicial action — or other drastic action, for that matter — to get their money back.

Apparently, many of Celsius’ clients were based in Australia. They all got together and wrote several letters to the New York Bankruptcy Court explaining their plight and asking officials to look into their situation and take their side.

Crypto critic Molly White eventually grabbed many of these letters and offered her thoughts on the situation. She commented in an interview:

The stereotype of people putting money into cryptocurrency is…young, tech-savvy men, and that doesn’t seem to be the demographics in the messages. There were also a lot of people who were saying, “This is my life savings, my pension. I worked ten, 20, 30 years to save this money.”

Several people in Australia said that upon receiving a notification that they were being denied access to their money, they contemplated suicide as much of their money was now held by a seemingly crooked company. One of the clients – a pregnant woman – even wrote to Celsius begging to be allowed to make a simple withdrawal. She even included an ultrasound of her baby as a way to get executives to hear her story.

Other messages said things like:

I lost everything. How do I explain this to my son? I feel ashamed of myself.

more letters

And the:

This was our life savings. It was our chance to have a baby and fund medical expenses. It was our chance [to take] Take care of our parents as they age.

Tags: Australia, Celsius, Molly White

#Percent #customers #Australia #desperately #crypto

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