Alex Mashinsky Usa India state Texas cryptocurrency market crypto market Celsius Alex Mashinsky Usa India state Texas

Crypto clients beg for their cash back after lender's crash

Reading now: 330
economictimes.indiatimes.com

Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

Hundreds of letters have poured in to the judge overseeing the firm's multi-billion-dollar bankruptcy and they are heavy with anger, shame, desperation and, frequently, regret. «I knew there were risks,» said a client whose letter was unsigned. «It seemed a worthwhile risk.» Celsius and its CEO Alex Mashinsky had billed the platform as a safe place for people to deposit their crypto currencies in exchange for high interest, while the firm lent out and invested those deposits.

Read more on economictimes.indiatimes.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA