Reckless Greed | The Celsius Bankruptcy Explained

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In this video we go over the current chapter filings of failed crypto lender Celsius. The collapse of Celsius serves as a cautionary story to all traders. If lend your money to an unregulated crypto platform, you may as effectively be placing your money right into a on line casino.

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0:00 – 1:06 Intro
1:07 – 2:55 Business mannequin
2:56 – 5:00 Collapse
5:01 – 5:41 Bank run
5:42 – 8:18 Insolvency
8:19 – 10:52 Ponzi scheme?
10:53 – 12:42 CEL token manipulation
12:43 Be cautious!

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#Wallstreetmillennial #celsius #crypto

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