Is Celsius a scam?
Crypto lending platform that paid retail depositors yield on their crypto holdings while making aggressive leveraged bets and DeFi loans. Froze withdrawals June 2022 following Terra/Luna collapse, filed Chapter 11 in July.
| Status | prosecuted |
|---|---|
| Category | lending-collapse |
| First observed | 2017-06-01 |
| Collapsed | 2022-07-13 |
| Reported victims | 1,700,000 |
| Estimated losses | $4,700,000,000 |