Reasons why Crypto Platform Celsius appears to be insolvent


As the “red season” in the crypto world continues, Celsius, a do-it-all fintech app that provides users with easy and reliable access to crypto services, appears to be insolvent as of June 14. . This state of insolvency can be attributed to two false moves made by the cryptocurrency platform. The first of the moves is when you use chain leverage and the second one uses stETH. The stETH movement is an issue that arose when the company used an ETH derivative called stETH to increase its ETH yield and attract more investors to… Read the full article at CryptoCurrencyNews.com Get the latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn how to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms of Use and Disclaimer.

Reasons why Crypto Platform Celsius appears to be insolvent

Crypto Platform Celsius appears to be insolvent

As the “red season” in the crypto world continues, Celsius, a do-it-all fintech app that provides users with easy and reliable access to crypto services, appears to be insolvent as of June 14. . This state of insolvency can be attributed to two false moves made by the cryptocurrency platform. The first of the moves is when you use chain leverage and the second one uses stETH.

The stETH move is an issue that arose when the company used an ETH derivative called stETH to increase its ETH yield and attract more investors to…

Get the latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn how to trade on cryptocurrency exchanges.


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