Canadian Pension Fund LOSES $150 Million USD to Celsius fiasco!!

Today I talk about how a Canadian Pension Fund lost $150 Million USD on the now defunct Celsius platform. I also touch on how this all could have been avoided had people just been using decentralized finance applications like Compound, Aave and Maker.

These Centralized crypto finance platforms are toxic to the entire cryptocurrency ecosystem as they all seem to be overleveraged and outright fraudulent.

I think more of these Cefi platforms will continue to go under and we will see more pension funds like this one posting loses due to a lack of oversight.

Article Links
https://www.baystreet.ca/cryptonews/3...

https://www.simcoereformer.ca/fp-fina...

https://uk.sports.yahoo.com/news/fair...

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