Celestia Founder Defends Team Amid Dumping Allegations

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Celestia co-founder Mustafa Al-Bassam claimed that the team remains committed and financially equipped to weather the storm despite escalating accusations of misconduct, insider profit-taking and community mistrust.

“Despite the FUD (which is getting more ridiculous by the day), all Celestia founders, early employees and core engineers are still here and working as hard as we did when Celestia started 5 years ago,” Al-Bassam wrote in a Monday post on X.

Al-Bassam claimed that major token drawdowns were a normal part of the industry. He added that…



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Celestia Founder Defends Team Amid Dumping Allegations


Celestia co-founder Mustafa Al-Bassam claimed that the team remains committed and financially equipped to weather the storm despite escalating accusations of misconduct, insider profit-taking and community mistrust.

“Despite the FUD (which is getting more ridiculous by the day), all Celestia founders, early employees and core engineers are still here and working as hard as we did when Celestia started 5 years ago,” Al-Bassam wrote in a Monday post on X.

Al-Bassam claimed that major token drawdowns were a normal part of the industry. He added that…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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