Name: The Implosion of Celsius Network - Halted Withdrawals
Uploaded: 2022-06-14T20:00:50+00:00
Duration: 28 min 29 s
Description: Get Surfshark VPN at https://surfshark.deals/echelon - Enter promo code ECHELON for 83% off + 3 months & Antivirus for FREE! Celsius Network is imploding. Halting all withdrawals, they have exacerbate

3 years ago

Get Surfshark VPN at https://surfshark.deals/echelon - Enter promo code ECHELON for 83% off + 3 months & Antivirus for FREE!

Celsius Network is imploding. Halting all withdrawals, they have exacerbated fears of insolvency, while pushing the formation of a "bank run" even further than it had already gone.

The company now holds tenuous, exposed positions that leave their users in panic, with very little to reassure them as the crypto market craters across the board. It remains to be seen how it will all end... but this "non bank" entity... sure looks to be having a liquidity crises and a Bank run.

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