David Barse Faces Criticism Over Legal and Communication Issues

David Barse Under Fire

David Barse, CEO of XOUT Capital and board member of Celsius, is facing intense scrutiny. Criticism has arisen from his recent comments and an alleged failure to fulfill a legal promise. His actions have sparked debate within the Celsius community and the broader crypto industry.

Legal Obligations Unmet

Barse is under scrutiny for a promise made by his lawyers during a court hearing in February. They pledged to submit a sworn declaration regarding Celsius's disputes. To date, no such document has been publicly filed, casting doubt on Barse's credibility and accountability. This has led to frustration among Celsius users, who demand more transparency and clearer communication from the company's leadership.

Criticism on Public Appearance

Barse's recent appearance on David Lin’s YouTube show has also been met with criticism. During the interview, he discussed challenges Celsius faces, including the decline in crypto prices. Some viewers perceived his comments as dismissive of users' concerns, such as issues with withdrawals and customer support.

Responsibility and Blame

Barse's focus on external factors like market contagion and FUD has been interpreted by some as an attempt to shift responsibility. Critics believe this perspective overlooks the internal challenges and risks at Celsius, which could undermine trust among investors and users.

Community Reaction

The Celsius community is vocal about their concerns, seeking clarity on legal and regulatory matters. The lack of transparency is feared to harm the company's reputation and investor confidence. Barse's recent interview has been criticized as out of touch with the pressing issues faced by Celsius creditors.

By addressing these concerns transparently, Celsius aims to restore confidence and ensure stability in its operations.