In recent months, a number of “black swan” incidents have shaken the cryptocurrency space, resulting in the loss of billions of dollars in investor assets. The top 4 most recent events are listed below: TerraUSD’s Demise The TerraUSD (UST) stablecoin crashed in May 2022, wiping out investor cash worth billions […]
Tag: Celsius
What Would Happen if Celsius Got Sued by the Rest of the Claimants?
According to a recent lawsuit, cryptocurrency lender Celsius allegedly manipulated the price of its digital coin, failed to manage its risks, and engaged in fraud. Due to the rapid emergence and decline of the cryptocurrency market, Celsius decided to suspend its withdrawals last month. The DFR of Vermont stated that […]
How Celsius Network Is Proving Critics Wrong, Price Soars to $0.9 Amid Market Dip
It’s been eight days since Celsius Network Halted Swaps, Transfer, and Withdrawal, citing extreme market conditions. This came as the Crypto Market was experiencing a massive sell-off that saw Bitcoin hitting $17k low levels. Celsius had reportedly stopped users from withdrawing from the network, which caused some uproar in the […]
Celsius CEO “Loses Voice” Two Days Before Halting All Withdrawals
The crypto-lending firm Celsius, which offers high-yield returns on user deposits, appears to be the latest to falter in the face of tightening financial conditions. It also came barely one month after the Terra-Luna stablecoin network collapsed. Background Celsius Network is a blockchain-based lending platform accessible through a free mobile […]