What You Can Learn From Three Of The Biggest Crypto Casualties

Jonathan Hobbs

3 months ago4:33 mins

What You Can Learn From Three Of The Biggest Crypto Casualties

Crypto has been on a terrible run of form this year. Heavy-hitters from Luna to bitcoin have taken a spill, with the latter having slipped below $20,000 over the weekend for the first time since a pandemic-crippled 2020. But there is a silver lining: three of the biggest casualties could offer clues to help you protect yourself from the next crypto crash.

Casualty 1: Celsius Network

On June 13th, crypto lending platform Celsius Network (CEL) announced it was freezing all user withdrawals because of “extreme market conditions.” That’s a big deal: the lender has over 1 million users, and reported having almost $12 billion of user assets under management in May this year.

Until recently, you could have deposited crypto with Celsius and earned decent interest rates. Depending on the t

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