David Barse, the esteemed CEO of XOUT Capital and a distinguished member of Celsius’ board of directors, has recently come under social media for his remarks and purported failure to fulfill a legal obligation. Certain Celsius users and industry experts have raised doubts about his transparency, particularly concerning concerns surrounding the platform’s stability and risk management.
Barse of XOUT has recently come under scrutiny from certain members of the Celsius community and followers of the crypto industry for various reasons. One of these reasons pertains to a promise made by his legal team during a court hearing in February.
As per the statement made by Cam Crews, a prominent Twitter personality, they have pledged to provide a legally binding declaration concerning the ongoing disagreements surrounding Celsius. Regrettably, the such record has yet to be officially submitted for public scrutiny.
The recent delay has sparked concerns regarding Barse’s credibility and accountability, prompting Celsius users to voice their frustration on social media and community channels. Many call for increased transparency and communication from the company’s management, citing the potential harm to Celsius’s reputation and trust among customers and investors if legal and regulatory compliance issues are not addressed clearly. Celsius must take swift action to address these concerns and maintain the trust of its stakeholders.
Besides the ongoing legal dispute, Barse has come under fire for his recent appearance on David Lin’s YouTube show. During the interview, he delved into Celsius’s recent struggles, including the decline in cryptocurrency prices. However, some viewers perceived his remarks as dismissive of the concerns expressed by Celsius users, who have been grappling with problems related to withdrawals, interest rates, and customer service.
Some have perceived Barse’s emphasis on external factors such as market contagion and FUD as an attempt to shift accountability and fault. A perceptive Twitter user noted that Barse’s recent appearance on David Lin’s YouTube program seemed disconnected from present-day realities, particularly about the challenges confronting Celsius platform creditors.
