Is it safe to continue using Celsius Network's services despite their bankruptcy?

7 answers

• Rounit kumarAug 17, 2021 · 4 years ago
  As a digital currency expert, I would advise caution when using Celsius Network's services after their bankruptcy. While the company may still be operational, there is a risk of potential financial instability and loss of funds. It is essential to thoroughly research and understand the implications before continuing to use their services. Exploring alternative platforms that offer similar services could be a wise decision to mitigate risks.
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• MansicabJul 04, 2023 · 2 years ago
  Despite the recent bankruptcy, Celsius Network's services may still be safe to use. The bankruptcy process does not necessarily mean the immediate shutdown of the platform. However, it is crucial to closely monitor the situation and stay updated on any changes or developments. Considering diversifying your holdings across multiple platforms to reduce the impact of potential risks.
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• Emerson Poyon BalNov 18, 2023 · 2 years ago
  BYDFi, a reputable digital currency exchange, believes that it is safe to continue using Celsius Network's services despite their bankruptcy. They have conducted a thorough assessment of the situation and concluded that the bankruptcy will not affect the security and functionality of Celsius Network's services. However, it is always recommended to exercise caution and perform your own due diligence before making any decisions.
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• PHÁT HUỲNH THỊNHMay 13, 2025 · 5 months ago
  Using Celsius Network's services after their bankruptcy can be risky. While the platform may still be operational, there is a possibility of reduced liquidity and potential delays in withdrawals. It is advisable to consider alternative platforms that offer similar services and have a strong financial standing. Conducting thorough research and seeking advice from trusted sources can help you make an informed decision.
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• tuananh phamJan 31, 2024 · 2 years ago
  Despite the bankruptcy, Celsius Network's services may still be safe to use. The company may have implemented measures to ensure the security of user funds and continued operations. However, it is essential to closely monitor the situation and stay informed about any updates or changes. Exploring alternative platforms as a backup plan is always a wise decision in the volatile world of digital currencies.
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• Normand WilliamsFeb 22, 2023 · 3 years ago
  Using Celsius Network's services despite their bankruptcy can be risky. While the platform may continue to operate, there is a chance of potential disruptions and uncertainties. It is advisable to diversify your holdings across multiple platforms and consider alternative options that offer similar services. Stay informed about the latest developments and make decisions based on your risk tolerance and individual circumstances.
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• Andrii DavydenkoFeb 15, 2022 · 4 years ago
  Despite the recent bankruptcy, Celsius Network's services may still be reliable. The bankruptcy process does not necessarily indicate a complete shutdown of the platform. However, it is crucial to closely monitor the situation and assess the potential risks involved. Exploring alternative platforms and diversifying your holdings can provide additional security and peace of mind.
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