Celsius wants to return user's Money

Celsius returning User's money

What's the news?

[{"selector":"#anim-1b177d2d-a82f-4c08-8fc7-d4605e2ad8d3","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Where's the money?

[{"selector":"#anim-a875665f-5a08-48a7-90f0-af97d78bee45","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Why Celsius is Bankrupt?

[{"selector":"#anim-7406091b-86f4-4e7c-85b3-ca614e02dfea","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

The $75 million mistake

[{"selector":"#anim-3875e043-bd0c-4d85-8bb6-dc924c16df98","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Frozen Accounts

[{"selector":"#anim-1449b0ac-579b-403a-aedf-ae11e92a1bfc","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Who else in Trouble?

[{"selector":"#anim-25be52a7-f9fa-4177-bce6-69bf730d5ca6","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Also Read:

[{"selector":"#anim-dd510479-651a-48ac-b0a3-17374e0e0985","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

We're on You Tube

[{"selector":"#anim-167715ad-df21-4af7-a456-91c645b5ab33","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}]

Celsius returning User's money

Celsius returning User's money

What's the news?

What's the news?

Bankrupt crypto lending platform Celsius is seeking court's permission to return digital assets to its customers.

Where's the money?

Where's the money?

Celsius has stored $210 million in assets in custody program account & $15 million in withholding account.

Why Celsius is Bankrupt?

Why Celsius is Bankrupt?

Celsius offered 18% staking rewards to users which isn't sustainable. Moreover, it did the biggest mistake of lending money to now bankrupt crypto giants.

The $75 million mistake

The $75 million mistake

Celsius network lent $75 million to Three Arrow Capital which they invested in Terra (LUNA). Biggest loss that took Celsius towards bankruptcy

Frozen Accounts

Frozen Accounts

The Customer's accounts were frozen by Celsius before filing for bankruptcy. It's trying to win back trust by returning the digital assets of users.

Who else in Trouble?

Who else in Trouble?

After Celsius its Voyager, Three Arrow Capital, Hodlnaut and many other crypto platform facing bankruptcy

Also Read:

Also Read:

1..Instagram & NFT

1..Instagram & NFT

2..Drugs & Cryptos

2..Drugs & Cryptos

3..Bitcoin Wallets

3..Bitcoin Wallets

We're on You Tube

Find the best Crypto content only on Katoch Tubes