What REALLY Happened With Celsius

What REALLY Happened With Celsius?! What We Know!!

By Guy

Hey Guys,

I’m sure almost all of you have heard about the Celsius saga by now, but I bet you don’t know exactly what happened or even what exactly is going on.

That’s why I decided to do a deep dive into one of crypto’s most popular platforms and its suspected insolvency.

To be clear, we have yet to receive confirmation that Celsius is insolvent, but given all the headlines we’ve seen about Nexo wanting to acquire it, Celsius hiring lawyers to restructure the company, and Celsius’ early investors refusing to help… it’s quite likely.

How Celsius found itself in this situation is a complex topic, but the short answer is a combination of overstretching and overleveraging. Celsius was growing too quickly, and the crypto market downturn seems to have caught it off guard. There might also have been other entities that looked to capitalise on its collapse.

If you’re wondering what all of this means for the CEL token and whether Celsius could ever come back to life, be sure to stick around until the end.

~~~~~

⛓️ 🔗 Useful Links 🔗 ⛓️

► Celsius About: https://celsius.network/about-us

► How Celsius Crashed According to CoinDesk: https://www.coindesk.com/business/202…

► How Celsius Crashed According to Decrypt: https://decrypt.co/102769/what-is-cel…

► How Celsius Crashed According to Plan C: (Part 1) https://twitter.com/TheRealPlanC/stat…

► Celsius Short Squeeze Explained: https://cointelegraph.com/news/celsiu…

~~~~~

📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

Latest videos

Dollar Strength Why it Could WRECK The Global Economy
Dollar Strength: Why it Could WRECK The Global Economy!
Dollar Strength Why it Could WRECK The Global Economy

Dollar Strength: Why it Could WRECK The Global Economy!

September 27, 2022 2 min read
Crypto News Cardano, ALGO, Big Banks, Ripple vs. SEC and More
Crypto News: Cardano, ALGO, Big Banks, Ripple vs. SEC & MORE!!
Crypto News Cardano, ALGO, Big Banks, Ripple vs. SEC and More

Crypto News: Cardano, ALGO, Big Banks, Ripple vs. SEC & MORE!!

September 26, 2022 2 min read
what gary gensler wants
SEC Hearing: Here’s What Gary Gensler Said About Crypto!
what gary gensler wants

SEC Hearing: Here’s What Gary Gensler Said About Crypto!

September 25, 2022 2 min read
Something is going on at the FED Implications for Crypto
Something is Going On at The FED! Implications for CRYPTO?!
Something is going on at the FED Implications for Crypto

Something is Going On at The FED! Implications for CRYPTO?!

September 21, 2022 2 min read
Ethereum Merge Done Now WHAT Will ETH Recover
Ethereum Merge Done: Now WHAT? Will ETH Recover?!
Ethereum Merge Done Now WHAT Will ETH Recover

Ethereum Merge Done: Now WHAT? Will ETH Recover?!

September 20, 2022 2 min read
Crypto News ETH Crash, SEC, Do Kwon, Terra, CPI and More
Crypto News: ETH Crash, SEC, Do Kwon, Terra, CPI & MORE!
Crypto News ETH Crash, SEC, Do Kwon, Terra, CPI and More

Crypto News: ETH Crash, SEC, Do Kwon, Terra, CPI & MORE!

September 19, 2022 2 min read
White House Crypto FUD is Coming!! What They Said!!

White House Crypto FUD is Coming!! What They Said!!

September 18, 2022 2 min read

Related videos

Dollar Strength Why it Could WRECK The Global Economy
Dollar Strength: Why it Could WRECK The Global Economy!
Dollar Strength Why it Could WRECK The Global Economy

Dollar Strength: Why it Could WRECK The Global Economy!

September 27, 2022 2 min read
Crypto News Cardano, ALGO, Big Banks, Ripple vs. SEC and More
Crypto News: Cardano, ALGO, Big Banks, Ripple vs. SEC & MORE!!
Crypto News Cardano, ALGO, Big Banks, Ripple vs. SEC and More

Crypto News: Cardano, ALGO, Big Banks, Ripple vs. SEC & MORE!!

September 26, 2022 2 min read
what gary gensler wants
SEC Hearing: Here’s What Gary Gensler Said About Crypto!
what gary gensler wants

SEC Hearing: Here’s What Gary Gensler Said About Crypto!

September 25, 2022 2 min read
Something is going on at the FED Implications for Crypto
Something is Going On at The FED! Implications for CRYPTO?!
Something is going on at the FED Implications for Crypto

Something is Going On at The FED! Implications for CRYPTO?!

September 21, 2022 2 min read
Ethereum Merge Done Now WHAT Will ETH Recover
Ethereum Merge Done: Now WHAT? Will ETH Recover?!
Ethereum Merge Done Now WHAT Will ETH Recover

Ethereum Merge Done: Now WHAT? Will ETH Recover?!

September 20, 2022 2 min read
Crypto News ETH Crash, SEC, Do Kwon, Terra, CPI and More
Crypto News: ETH Crash, SEC, Do Kwon, Terra, CPI & MORE!
Crypto News ETH Crash, SEC, Do Kwon, Terra, CPI and More

Crypto News: ETH Crash, SEC, Do Kwon, Terra, CPI & MORE!

September 19, 2022 2 min read
fake crypto trading what it means for the markets
FAKE Crypto Trading!? What It Means For The Markets!!
fake crypto trading what it means for the markets

FAKE Crypto Trading!? What It Means For The Markets!!

September 14, 2022 2 min read