Crypto firm Celsius had almost $2 million clients and $12 billion in deposits in June earlier than freezing accounts, blaming market situations after which submitting for chapter. CNBC’s Kate Rooney talks to former Celsius leaders in regards to the determination in 2019 that led to the corporate’s downfall.
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32 thoughts on “How One Crypto Company Went From Making Billions To Bankruptcy In Months”
They should do is just be like the same as a bank just with bitcoin and just have an lottery that happens which people can buy into that takes place within the company
what a shock that crypto companies were manipulating the price of digital coins…who could have seen this coming ????!!!!!! If you can't trust the crypto currency market, then what else is left ????
Decentralization. No regulation. Is this not what you wanted?
Are you not entertained? Is this not why you were here?
So….. Hitler was right?
These are the elite just playing with your money. There is a common thread that runs through the new liberal world order.
Lmao, people were warned and now they act like it isn't fair when they knew the risk?
Isn’t insider trading illegal? Can the exec team be held responsible?! They lost customers millions of dollars. Crypto is risky but the risk grows even more when execs secretly have their hand in the cookie jar for their own gain.
Annnnnnd it's gone!
LOL 17% APY. lol no one saw this coming idiots… Just as bad as people who bought doge.
That's what money does makes people greedy even worse with crypto . I'm glad I don't do crypto . People who do cryptocurrency are greedy . 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.
Will the markets ever get better?
Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Anika Hobson which has made me almost 9.5 on a 2 btc Trade capital over the last 3 months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.
He was dodgy from the start ….
That's sad. But I got some solid company like Origin Protocol. They are exceptional when it comes to crypto space
Guess what tribe they are from…
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If people would of just put all that money in Bitcoin then put it in their own wallets, Bitcoin would be wroth half a mill by now. All that money lost. Wow.
Yet another reason why crypto companies need to have big brother watching. The owners of Celsius knew there were no fences, no one watching the store, and only foxes in the hen house. Who needs government oversights on crypto anyway????
I got into <BTC back in 2016 and have been hodling/buying sats at different price points since. I've been through corrections before and will likely experience more over the future. Volatility is simply the price one needs to pay if they want to play. I don't have any Alts as I'm a bit of a BTC Maxi, but that said, if BTC hasn't died before, it surely won't do so now. Stick in there – yes we are all feeling the pain, but over the long run this will just be a blip. This is how I see past corrections when I felt that I got in at a high (back then I think it was less than $1000 and bouncing all over the place!). Now when I look back, all I see is regret for not having the courage in buying more at those times. But if you believe BTC has value, then by all means, buy these dips if you can afford to. For those who got in at 60 or 70K and feeling the crunch: hang in there. BTC is not a get rich quick scheme. Wait it out and you will see: you will come away stronger. I buy and just trade long term more than ever, I have made over 9.5 BTC with 2.4btc in just 5weeks from day trading with Expert MR Jack Muller Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish. Technical analysis is my second language <You can reach MR Jack Muller on ͲeIєɠɾαm👉JACKMULLER Cheers thank me later
Tragic mistakes! 😂🤣😅 Not mistakes, deliberate and strategically planned criminal actions
might as well just go to Vegas casino if you want to gamble with your money. at least in Vegas there is great entertainment and gastronomical delights to experience.
Crypto, it's like gambling only you never have a chance of winning.
Why don't people see Bitcoin and Crypto is is a scam….lol
Bitcoin and Crypto is NOT going to bridge the financial gap!
But, reparations will!
No surprise here, a criminal's paradise.
its not a scam,really ( just trying to convince myself) lol
3AC Is to blame
It’s a casino
Republican. Traitors. Mitch Moscow Enabaler
She said they were upset because he went background check. Understand, that when it comes to currency you want people like the froster. Because the stock market ain't nothing but a fraud, just the whole concept of Finance is a huge fraud. Value is based on perception. Him when a t-shirt saying banks are not your friend, is ironic because Banks back these companies. But people who just want to be hip and in the know don't really do that kind of research. Anyway, they hired this guy because he was a froster and knows how to manipulate. You need to have at least one in your company. It's good to have them that way you know somebody else is trying to finish you as well. But I understand they know his background that's why they hired him. And that's why you can't find his case in a public file. Because he's helped a lot of people and he's going to help a lot more. Welcome to the money game.