Barse of XOUT Faces Heat Over Alleged Legal Obligation Failure
Barse of XOUT Faces Heat Over Alleged Legal Obligation Failure
- David Barse is facing criticism for his recent comments.
- One relates to a promise made by his lawyers in a court hearing in February.
- Barse has also faced criticism for his recent appearance on David Lin’s YouTube show.
David Barse, the CEO of XOUT Capital and one of the board of directors at Celsius, is facing criticism on social media for his recent comments and his alleged failure to meet a legal obligation. Some Celsius users and observers question his transparency amid concerns about the crypto lending platform’s stability and risk management.
Concretely, Barse of XOUT has been under scrutiny by some members of the Celsius community and followers of the crypto industry for different reasons. One relates to a promise made by his lawyers in a court hearing in February.
According to Cam Crews, a Twitter personality, they committed to submitting a sworn declaration regarding Celsius` disputes. However, as of now, no such document has been filed publicly.
Looking at you, @barSEXout. You still haven’t submitted your sworn declaration that Kirkland promised the Court in February. You had time to go on @davidlin_TV to gaslight about Celsius’s troubles being caused primarily by market contagion.CC: @mannymane, @DanielFCelsius
— Cam Crews (@camcrews) April 4, 2023
This delay has raised questions about Barse’s credibility and accountability. Some Celsius users have also expressed frustration on social media and community channels, calling for more transparency and communication from the company’s management. They argue that the need for more clarity on legal issues and regulatory compliance could harm Celsius’s reputation and trust among customers and investors.
In addition to the legal battle, Barse has faced criticism for his recent appearance on David Lin’s YouTube show, where he discussed Celsius’s recent challenges, including the drop in crypto prices. Some viewers found his comments dismissive of the concerns raised by Celsius users, who have reported issues with withdrawals, interest rates, and customer support.
Others have seen Barse’s focus on external variables like market contagion and FUD (fear, uncertainty, and doubt) as an effort to transfer responsibility and blame. Another Twitter user pointed out that David Barse’s recent interview on David Lin’s YouTube show seemed out of touch with current events, particularly concerning the issues facing creditors of the Celsius platform.
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