Celsius hiring Akin Gump wasn’t explanation enough?
In any case, Celsius has managed to convince a lot of people that their 10% or 20% APY stablecoins and "staking platform" was risk free. Sometimes, these people need to have their own money burned, before they believe in the potential of risk.
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I don't know anything about internet celebrity figures. But I do know a thing or two about risk-free rates and reasonable return rates.
Celsius locked everyone's accounts on Monday, _BEFORE_ hiring those bankruptcy law firms.
By the time you heard the news of the bankruptcy lawyers, it was already too late. Your funds were locked.