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Celsius Network stops withdrawals: Is Celsius Network safe? Crypto market crash | Crypto News Today

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Celsius Network stops withdrawals: Is Celsius Network safe? Crypto market crash | Crypto News Today

Not your keys, not you crypto” is something you often hear in the crypto space and these past few days proved why. Amidst the crypto tumble, CeFi (centralized finance) heavyweights Celsius Network and Binance both halted customer withdrawals, though for very different reasons. Celsius Network is currently in a precarious position that could see the major crypto lending app liquidated and even insolvent. Already, customer funds are at risk with users unable to access their crypto. Is Celsius about to become the next Terra LUNA collapse? Stay safe out there!

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Celsius Network stops withdrawals: Is Celsius Network safe? Crypto crash | Crypto News Today with Kris Merkel

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6 Comments

  1. You know what is completely hilarious?

    When pressed to the wall to save his company who and what does Alex Mashinsky turn to?

    Could it be a traditional banking institution (tradfi) that he incessantly rails against on every interview? like maybe… CITIGROUP!

    Also, what currency is it that he (and Do Kwon when Terra was in trouble) is frantically trying to gather to back the assets of Celsius? Could it be a cryptocurrency like BTC? ETH, ADA, BNB?

    Of course not! it is the very useless, worthless, inflationary FIAT dollar of the US that he scrambles to raise. Just unbelievable…

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