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ROLLUP: Crypto Crash | Celsius Insolvent? | 3AC Su Zhu | Interest Rate Hike | Jack Dorsey Web5

Bankless

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Celsius and the Crypto Crisis

This chapter explores the troubling announcement from Celsius regarding the suspension of withdrawals, pointing towards potential insolvency. It highlights the risks of centralized finance, particularly the misuse of depositor assets and the opaque operations that led to significant losses in the cryptocurrency market. The discussion also examines the broader implications of these failures, emphasizing the need for transparency and regulation in the crypto space.

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