Celsius Network has been forced to return $1.6 million worth of cryptocurrency

After receiving a give up and desist order from a choose withinside the Middle District of Florida, Celsius Network has been pressured to return $1.6 million really well worth of cryptocurrency to clients to be able to fulfill the courtroom docket`s order. The business enterprise claims that it's miles nevertheless awaiting similarly commands from the courtroom docket on the way to continue with the withdrawals.

In a announcement launched on Twitter, CEO Alex Mashinsky stated that he changed into disenchanted with how his business enterprise changed into dealt with through the courtroom docket system, however claimed that he could maintain shifting ahead with plans to renew ordinary operations as quickly as possible.

I am disenchanted in how we had been dealt with through our courts, however I am assured we are able to win this battle, he stated. We will maintain shifting ahead with our plans to renew ordinary operations as quickly as possible.