How Celsius Founder Lost Millions In Crypto By Taking Over Trading Strategy

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A new report from the Financial Times has shed more light on the downfall of the crypto lending company Celsius Network. Founded by Alex Mashinsky, the company has been affected by the downside trend in the sector and was forced to halt all operations, negatively impacting their clients, and filed for bankruptcy. The report claims that Mashinsky took over the company’s trading strategy back in January 2022. At that time, the price of Bitcoin was hovering around $35,000 to $40,000, and the cry ...

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