Mustafa Al-Bassam labeled the early-token-unlock accusations against Celestia as ‘FUD’ and asserted that all founders, early employees, and core engineers are still working as hard as when Celestia launched

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Celestia co-founder Mustafa Al-Bassam pushed back on X, calling the general scrutiny "FUD," and stated that the project’s team remains intact. “All Celestia founders, early employees, and core engineers are still here,” he wrote. He added that 95% of drawdowns occur during the life cycle of most tokens and insisted that the project is well-funded to weather major downturns. “We have a $100 million war chest and a six-year runway, so we’re ready to play the long game,” Al-Bassam’s Sunday post reads.

Celestia’s Al-Bassam responded, and while he did not directly deny the allegations, he reasserted the team’s resilience and long-term focus. “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,” he wrote.

“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.