Celsius Under Coordinated Attack, Is Sam Bankman-Fried Behind?

Celsius is facing a situation that could not be worse when bankruptcy and insolvency are inevitable. In that situation, it was said that the company appeared to be suffering an attack. The allegations are spearheading FTX CEO Sam Bankman-Fried.

$20 million reward for anyone who finds evidence of a coordinated attack Celsius

A $20 million bounty has been offered for confirmation of a coordinated attack on the Celsius Network from a third party.

Major content creators reported that they received inquiries regarding whether they were paid to spread FUD about Celsius.

The special feature is that these reports are tied to an announcement from the Plan C Twitter account that a large bounty will be given to anyone with information.

$20 million will be available to anyone with proof that Celsius was the victim of a coordinated attack from institutional investors.

CEL appears some short-term short squeeze

On June 14, the price of the CEL token skyrocketed 500% in less than 30 minutes.

However, the chart below from FTX shows that, from the local low of June 13 to the top of June 14, there was a spike of 2722%.

This spike can be attributed to short-term short squeeze of CEL short investors amid Celsius’s rife with default rumors.

Is Sam Bankman-Fried the man behind?

The hashtag #CelShortSqueeze has generated more than 7,440 tweets in the last 24 hours. The allegations are spearheading FTX CEO Sam Bankman-Fried. The public thinks he was behind the fall of Celsius.

The SBF has responded directly to the allegation saying, “this is definitely wrong, we want to help those we can in the ecosystem and have no intention of harming them – it only brings harm” word for us and the entire ecosystem.”

The tweet received more than 100 mixed comments, both in favor of and in favor of SBF and FTX.

However, one thing is for sure there are a lot of unbalanced transactions involving CEL and FTX. The money flow seems to be taking CEL from MEXC, 1INCH, OKEX, Gate.io and Huobi to send to FTX.

This is not uncommon for traders to transfer money to different accounts. However, it is remarkable that a few large wallets only focus on sending CEL to each FTX exchange.

More interestingly, many Celsius wallets are still active even when withdrawals are delayed.

Coincu will continue to update the situation related to SBF, you can find out more information through this article.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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