Crypto lender Celsius files for bankruptcy

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polonieth

Entrepreneur
No matter how many times people are told, not your keys, not your coins, they still seem to think picking pennies up in front a freight train is worth it.

The people who ran Celsius are scummy. The people that used the service were silly.

I mean fair enough if you have something spare and fancy a punt to earn some interest on it, then go ahead.

I staked some ETH with Kraken. Got cash in EMIs. All pretty risky.

But putting your entire stack into something like Celsius? Mental.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member

backpacker

Entrepreneur
Hilarious
Many may find it hilarious. But it is the exact reason why crypto and everything related to it will face strict regulation. Everything crypto (except CBDC) will be rendered useless for the average Joe.
"Celsius" bankruptcy and the negative publicity it surrounds is a gift to all regulation-loving politicians. Not only Elisabeth Warren will make good use of the situation.
It is an easy sell to the public, considering all these stories of hard working Americans who are now living on their last pennie.
 

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