• Inside Celsius: how one of crypto’s biggest lenders ground to a halt Former employees and internal documents suggest a reckless pursuit of high returns put the company in a poor position to ride out this year’s market turbulence (Financial Times) see also Crypto collapse: 3AC, Voyager, Celsius, and other DeFi casualties: All Bankman-Fried can do is buy time. The entire cryptosystem is imploding. People are finally realizing that most of the money they thought they had in crypto was imaginary. You didn’t lose money in the crash — you lost your money when you bought crypto. (Amy Castor)
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