More Trouble for Celsius Netwrok as Canadian Regulatory authorities Team Up With US’s SEC

1 min


The Terra-UST collapse has led to a cascading effect in the space which does not appear to have settled. As Celsius Network reported a issue, the & were halted. Nonetheless, as it filed for bankruptcy, the trouble raised notably which peaked as the United States regulatory authorities tightened their grip over the platform. 

Nonetheless, in a recent update, Canada has likewise joined hands with the United States and investigated the of the multi- Billion dollar collapse on the users. No doubt never registered with Canada’s regulatory authorities, the country’s authorities are working with SEC to check the trans-border issue. 

which once had $28 Billion in assets under , lost greater than 88 percent of its assets during the mid-June collapse. Nonetheless, the platform owes its users greater than $4.7 Billion which includes $150 Million of investors’ funds too. 

Celsius (CEL) Price Analysis

Celprice
More Trouble For Celsius Netwrok As Canadian Regulators Team Up With Us’s Sec
  • Celsius Network price is undergoing a parabolic since then the crypto token crashed in May 
  • The community reportedly carried out a couple of short squeezes to uplift the price which has induced a notable positive trend momentum
  • The fresh price slash driven by the market sentiments may drag the price slightly lower but the may withstand the pressure and boost high very soon
  • Eventually, the CEL price could regain the $2 level at the earliest and surpass the critical at $2.5 in the coming weekend
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