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Celsius, A Cautionary Tale in the Crypto Lending Space
Celsius Network emerged as a prominent player, promising to revolutionize the way people interacted with their digital assets. Founded in 2017 by Alex Mashinsky and Daniel Leon, Celsius quickly gained attention for its ambitious goal of “unbanking” the financial world. The platform offered a tantalizing proposition: high-yield interest accounts for cryptocurrency deposits and low-interest crypto-backed…