2022 was indeed a rough year 🥶 It's hard not to look back at 2022 as a year dominated by the crash of the UST algorithmic stablecoin and the string of insolvencies and bankruptcies that followed.
popping up that detailed exactly how much each Celsius user is owed. The biggest loser? A man called Jacob Benjamin Fite, to the tune of $40.4 million. Ouch.
Like many crypto lenders — and the FTX exchange for that matter — the end came after days and weeks of CEO and co-founder Darshan Bathija saying that it would operate normally. The company reportedly owes its mainly retail clients about $360 million, and about another $35 million to a secured creditor.
that would give customers about 25 cents on the dollar, suggesting a liquidation would take far longer and likely result in a lower return. Major partners like Compass Mining said that they had been told the reorganization would not affect services.You'll be shocked to hear that Freeway, a crypto staking platform that offered investors returns of up to 43% on its "Supercharger" product, halted withdrawals on Oct. 23.
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