Not long ago we wrote a newsletter on how Celsius was pausing withdrawals and transfers. It did not take long for them to file for bankruptcy. News comes from a source of CNBC. For those not familiar with Celsius, it is one of the largest crypto lending companies in the world with well over $20 billion in assets. The liquidity issue they were having lately, did not take them long to go insolvent. This due to their staking and ETH merge not happening as well as the massive sell off we have seen in the crypto space.
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