Online investment platform BnkToTheFuture has outlined a recovery plan for Celsius that would bear similarity to how it assisted Bitfinex following its 2016 hack. Meanwhile, the community is gathering under a CELShortSqueeze movement.
Although the statement from Dixon on Saturday, June 18, did not include specific details of the recovery plan offered to the Celsius’ board and CEO Alex Mashinsky, Dixon noted it would be similar to the one offered to Bitfinex after its“I believe traditional finance will not have a timely solution for Celsius as we saw in the past with Mt. Gox that still remains unresolved 10 years later.
BnkToTheFuture is a global online investment platform that allows investors to invest in financial technology companies, funds, and other new alternative financial products. The platform touts a network of over 85,000 qualified investors. In June 2020, Celsius launched an equity offering with the investment platform, raising $20.46 million through 1039 investors.
Later in the month, BnkToTheFuture added to the solution by working with Bitfinex to allow customers to convert their BFX tokens into equity in the company.
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