What happened to Celsius crypto lenders?

WASHINGTON/LONDON (Reuters) - Customers of crypto lender Celsius face a long and anxious wait to know how, when and even if they will get their money back after the company filed for bankruptcy, becoming one of the biggest victims of the collapse in crypto markets this year.

Is Celsius better than a bank?

Celsius CEO Alex Mashinsky built his cryptocurrency lender on a pitch that it was better than a bank.But investor documents show it had far more risk than a traditional lender. … This content was created by one of our content team members. You can pitch a news story — including guest contributor requests — using our story portal.

What is Celsius (cel-USD) crypto?

The Celsius ( CEL-USD) crypto is taking a beating after angering investors across the market. Responding to this weekend’s crypto crash, Celsius has frozen activity on its platform. The decision has investors now drawing a comparison between Celsius and Robinhood (NASDAQ: HOOD ). Celsius is a DeFi platform launched in 2018.