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Celsius May Repay Customers With Wrapped Assets

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Executives at Celsius Network are proposing to pay back customers by issuing new wrapped assets to trade on other platforms, a new leaked recording revealed.

In the recording posted by Tiffany Fong, Celsius' leader Nuke Goldstein, co-founder and CTO, appears to explain the firm's proposal to repay Earn customers more in-depth.

Fong is a Celsius customer and public figure credited with posting the previous leaked all-hands meeting recording. According to The Block, the plan is to funnel Celsius' remaining funds allocated to repaying customers into wallets.

Following that, the company will then issue wrapped tokens — known as Cx tokens — to represent the ratio of how much the firm owes to how much it has on hand.

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