Is celsius safe crypto

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Ian Allison is an award-winning senior reporter at CoinDesk.

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Celsius is not a bank, depository Holding, trading or using crypto assets carry significant risks, please carefully read our Risk Disclosure page. Celsius Network, the crypto platform that touted itself as safer than a bank, won court approval to end its bankruptcy case and release most. �Celsius lied to investors by presenting itself as a safe investment opportunity and a chance to gain financial freedom, but, behind the scenes.

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By depositing money on Celsius, you agree with the temporary transfer of the ownership of your coins to the platform for interest. Celsius was founded in by Alexander Mashinsky and S. It's unclear to which extent the other revenue streams are overcollateralized.