Celsius launching IOU crypto. Leaked audio reveals – Katoch Tubes

Celsius planning for  IOU crypto Launch?

What is Celsius Netwok?

Celsius is one of the largest crypto lending platform that filed for bankruptcy in 2022 after freezing withdrawals

What is IOU Crypto?

IOU is short term for I owe you. A practice which has been done in past by crypto projects to allocate funds to users before the actual allocation

What's the news?

Acc. to the leaked audio provided by Celsius customer. Celsius allegedly wants to create an IOU cryptocurrency to pay back the clients

What does it mean?

Celsius wants to create “wrapped tokens” that represents a ratio of what customers owed and what the firm has left on its balance sheet

How does IOU help?

If Celsius customers hold on  to their tokens there’s a possibility that the financial loss could be mitigated.

Who was in the Audio?

The audio allegedly features Celsius co-founder Nuke Goldstein and the company’s chief technology officer Guillermo Bodnar.

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