12min chapter

The Daily cover image

Death of a Crypto Company

The Daily

CHAPTER

Crypto Collapse and Investor Crisis

This chapter examines the turmoil in the cryptocurrency market, focusing on the crash of stablecoin TerraUSD and the bankruptcy of Celsius, a major lending platform. It explores the devastating financial impact on investors, revealing the feelings of betrayal and disillusionment among those who had invested their savings in hopes of security and wealth. The discussion contrasts optimistic and pessimistic perspectives on the future of cryptocurrency while reflecting on its role in addressing issues within traditional finance.

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