all evils – Even the appeal for donations he had made to help Ukraine, now backfires on a Celsius, who is squeezed by his creditors and strangled by huge legal fees.
Celsius and Bitcoin and Ether Donations for Ukraine: Scandal or Conspiracy Theory?
Guilty or not, the choices that have been made are debatable. Once again, Celsius is drawing the wrath of part of the crypto community, which wonder now on the actual destination of Bitcoin (BTC) and Ether (ETH) donationswhich the platform had requested to help Ukraine.
Unlike other crypto companies that appealed for donations to Ukraine, Celsius tweeted addresses of wallets it controlled to receive the aid, instead of directing donors to official Ukrainian government wallets.
With the scandals that have severely damaged the image of the company and its leaders, suspected of having withdrawn money from the coffers to the detriment of his aggrieved creditors, there is doubt – and is allowed? – on the use of these funds sent to Celsius wallets.
Of course, the platform may well have transferred the bitcoins and ethers received to the Ukrainian government, and these noises on social networks may end up being only the sound of the anger of a community, that the lending platform cryptos deeply disappointed
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The blockchain does not have all the answers: “maybe” rather than a clear and objective verdict
In fact, it is impossible to provide a precise answer as to the final destination of these donations which were intended for Ukraine, and even an analysis of the blockchain. does not allow to decide.
An employee at Chainalysis said that Celsius used service wallets to store bitcoins, and tracking transactions for this type of wallet was difficult.
The transactions that could be traced and which could correspond to donations for Ukraine, concern mini-amounts of a few tens of dollars in Bitcoin.
As for the ETH wallet, a tool from Nansen indicates that all the ethers stored there were sent to other wallets, which Celsius would also control. A spokesperson for the Ukrainian Ministry of Digital Transformation further asserted that it was not unaware of ether donations from Celsius.
The dark days follow one another for the crypto lending platform. The good news about the recovery of $17 million in cryptocurrencies is unfortunately an exception, in these difficult times for Celsius, for its creditors, and for the crypto community in general.
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