Reckless – Chapter 17: Celsius

March 12, 2023

Chapter 17 of the book Reckless: The Story Of Cryptocurrency Interest Rates is published below. In November 2021, Celsius raised US$750 million from investors, valuing the business at US$3.5 billion. In some periods in 2021, Celsius was able to attract almost US$10 billion of net monthly inflow. According to a report from the industry specialist news organisation The Block, in an article published on 13th May 2022, Celsius had significant exposure to Luna. BankruptcyA month after the suspension of withdrawals, on 14th July 2022, Celsius filed for bankruptcy protection in a highly revealing 61 page document.

The source of this news is from BitMEX