Troubled crypto lending agency Celsius is placing their greatest foot ahead to recuperate operations alongside CEO Alex Mashinsky, who at the moment stays in america, the corporate has claimed.

A spokesperson for Celsius has denied rumors that the corporate’s CEO tried to flee the U.S. final week amid the continued liquidity disaster of the Celsius Community.

The consultant informed Cointelegraph on Monday that the agency continues engaged on restoring liquidity, stating:

“All Celsius staff — together with our CEO — are centered and onerous at work in an effort to stabilize liquidity and operations. To that finish, any studies that the Celsius CEO has tried to go away the U.S. are false.”

Celsius’ assertion got here shortly after Mike Alfred, co-founder of the crypto analytics agency Digital Property Information, took to Twitter on Sunday to claim that Mashinsky tried to go away the nation final week by way of Morristown Airport in New Jersey.

Citing an nameless supply, Alfred alleged that Celsius’s CEO was making an attempt to go to Israel. “Unclear at this second whether or not he was arrested or just barred from leaving,” he added.

Alfred’s claims adopted an enormous GameStop-like “brief squeeze” of Celsius, with Celsius’ native token Celsius (CEL)jumping 300% in one week by June 21. CEL price also abruptly rallied more than 600% on June 14, with analysts attributing the event to an exchange glitch or liquidation of short traders.

At the time of writing, CEL is trading at $0.741, down round 5% over the previous 24 hours, in line with CoinGecko. Celsius’ native token remains to be up greater than 160% over the previous 14 days.

Some trade observers within the crypto group have expressed skepticism about Alfred’s tweets about Mashinsky, with many contemplating his allegations as FUD.

If @Mashinsky tried to go away the nation this week, why are you reporting it now precisely when the CEL worth goes down? Appears very coincidental Mike Alfud. And why no mainstream media or crypto media is reporting this? #CelShortSqueeze https://t.co/ynJbzWib9o

— Otis — #CelShortSqueeze ©️ ⚡️ (@otisa502) June 27, 2022

As beforehand reported by Cointelegraph, Celsius formally introduced that it will be “pausing all withdrawals, swaps and transfers between accounts” on June 13. United States regulators subsequently began an investigation into Celsius as a number of accounts on the community had been frozen.

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In response to some analysts, Celsius’ liquidity points must be attributed to shortcomings of the prevailing crypto lending mannequin typically, as different lenders available in the market have confronted comparable issues lately.

Celsius has been working onerous to repair the results of the platform’s liquidity disaster, reportedly onboarding advisers and restructuring consultants to assist the platform deal with potential submitting for chapter. On June 18, Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixonoffered to help the community by deploying a restoration plan.