Crypto company Celsius had nearly $2 million customers and $12 billion in deposits in June before freezing accounts, blaming market conditions and then filing for bankruptcy. CNBC’s Kate Rooney talks to former Celsius leaders about the decision in 2019 that led to the company’s downfall.
» Subscribe to NBC News:
» Watch more NBC video:
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App:
Breaking News Alerts:
Visit NBCNews.Com:
Find NBC News on Facebook:
Follow NBC News on Twitter:
#NBCNews #Celsius #Crypto
source
The bitcoin maxis were right.
Bitcoin only. Self custody. Not your keys 🔑, Not your coins.
All people dealing with crypto is greedy and crooks. The greedy deserve to lose their money from the crooks!!!
My friend's USDT and ETH are still stuck on Celsius. It's crazy that the company has the rights to do that.
Heh, heh. High-tech Ponzi schemes crashing is funny.
From my little research, Institutional investors (banks and hedge funds with a lot of money) use cryptomarket as a variant to diversify their assets. The investment in coins is considered as a more secure investment in the period of volatility of bond markets and gold.
America were stealing $20 gets you longer jail time probably gets you killed than stealing billions of dollars out of average citizens.
Always pump and dumps
Those "billions" didn't exist.
It fixed
Remember when crypto was the currency of the future🤣
what a shock that crypto companies were manipulating the price of digital coins…who could have seen this coming ????!!!!!! If you can't trust the crypto currency market, then what else is left ????
Decentralization. No regulation. Is this not what you wanted?
Are you not entertained? Is this not why you were here?
Lol.
So….. Hitler was right?
These are the elite just playing with your money. There is a common thread that runs through the new liberal world order.
Lmao, people were warned and now they act like it isn't fair when they knew the risk?
Isn’t insider trading illegal? Can the exec team be held responsible?! They lost customers millions of dollars. Crypto is risky but the risk grows even more when execs secretly have their hand in the cookie jar for their own gain.
Annnnnnd it's gone!
LOL 17% APY. lol no one saw this coming idiots… Just as bad as people who bought doge.
That's what money does makes people greedy even worse with crypto . I'm glad I don't do crypto . People who do cryptocurrency are greedy . 24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.
Will the markets ever get better?
He was dodgy from the start ….
That's sad. But I got some solid company like Origin Protocol. They are exceptional when it comes to crypto space
Guess what tribe they are from…
If you guys are looking for more Crypto news, please consider checking out my content. Please consider hitting that like and subscribe button if you do!
If people would of just put all that money in Bitcoin then put it in their own wallets, Bitcoin would be wroth half a mill by now. All that money lost. Wow.
Yet another reason why crypto companies need to have big brother watching. The owners of Celsius knew there were no fences, no one watching the store, and only foxes in the hen house. Who needs government oversights on crypto anyway????
might as well just go to Vegas casino if you want to gamble with your money. at least in Vegas there is great entertainment and gastronomical delights to experience.
Crypto, it's like gambling only you never have a chance of winning.
No surprise here, a criminal's paradise.
its not a scam,really ( just trying to convince myself) lol
3AC Is to blame
Are urine?
It’s a casino
Republican. Traitors. Mitch Moscow Enabaler
She said they were upset because he went background check. Understand, that when it comes to currency you want people like the froster. Because the stock market ain't nothing but a fraud, just the whole concept of Finance is a huge fraud. Value is based on perception. Him when a t-shirt saying banks are not your friend, is ironic because Banks back these companies. But people who just want to be hip and in the know don't really do that kind of research. Anyway, they hired this guy because he was a froster and knows how to manipulate. You need to have at least one in your company. It's good to have them that way you know somebody else is trying to finish you as well. But I understand they know his background that's why they hired him. And that's why you can't find his case in a public file. Because he's helped a lot of people and he's going to help a lot more. Welcome to the money game.
🤣🤣😂🤑🙃🙃🙃