Saturday, April 13, 2024
HomecryptocurrencyCelsius Crypto Downfall: Lessons for Risk Management in the Crypto Market

Celsius Crypto Downfall: Lessons for Risk Management in the Crypto Market

After Terra Luna, Celsius crypto is the most talked about crypto disaster.The year 2022 wasn’t a good year for the cryptocurrency as the whole market witnessed a major down fall. Following this major downturn Celsius crypto did the unthinkable and paused all the withdrawals, swaps and transfer between accounts, essentially locking users out of their funds.

It was not ideal from one of the largest crypto lenders. Celsius filed for bankruptcy in July 2022. It had 600,000 accounts and the assets worth $4.2 billion at the time of filing bankruptcy. Let’s understand what the Celsius Network is and what actually happened with it? Read More

Ruchi Tomar
Ruchi Tomarhttps://financiallanes.com
A full time blogger from last 1 year. experienced in content writing.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments