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.
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.
Wrapped tokens will be available for customers to redeem, or they can wait for a larger payout when additional revenue hits. The firm stated that as Goldstein pointed to incoming mining, staked ETH revenue and other coins that may become liquid.
"So the more you wait, there's a better chance that the gap will be closed," he said on the recording. "However, you can always redeem."
Along with redemption, customers will also have a choice to...
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