I heard about Celsius crypto being involved in some kind of incident or issue. I'm curious to know the details of what exactly transpired with Celsius crypto.
5 answers
GyeongjuGlorious
Thu Dec 12 2024
At its peak, Celsius was valued at a staggering $3 billion. This made it one of the most prominent players in the cryptocurrency lending space.
KDramaCharm
Thu Dec 12 2024
The collapse of Celsius was one of the largest crypto failures of last year. It highlighted the volatility and risks associated with the cryptocurrency market.
CoinMaster
Thu Dec 12 2024
Celsius, a cryptocurrency lending platform headquartered in New Jersey, encountered significant financial troubles in 2021.
WhisperInfinity
Thu Dec 12 2024
In July of that year, Celsius filed for Chapter 11 bankruptcy protection. This move came after the company had frozen customer accounts, preventing withdrawals.
Ilaria
Thu Dec 12 2024
The freezing of accounts was a drastic measure taken by Celsius to stabilize its financial position. However, it ultimately led to the collapse of the platform.