In this video we go over the recent bankruptcy filings of failed crypto lender Celsius. The collapse of Celsius serves as a cautionary tale to all investors. If lend your money to an unregulated crypto platform, you might as well be putting your money into a casino.
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0:00 - 1:06 Intro
1:07 - 2:55 Business model
2:56 - 5:00 Collapse
5:01 - 5:41 Bank run
5:42 - 8:18 Insolvency
8:19 - 10:52 Ponzi scheme?
10:53 - 12:42 CEL token manipulation
12:43 Be careful!
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#Wallstreetmillennial #celsius #crypto
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