Celsius collapse

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Celsius, a crypto lending platform collapse was caused by a wave of customer withdrawals triggered by the broader crypto market crash tied to the collapse of LUNA and UST
Celsius, a crypto lending platform that offered interest-earning accounts and loans, filed for bankruptcy in July 2022 after halting withdrawals amid extreme markets condition
Celsius customers lost over $5 billion in the firm's implosion, with creditor repayment efforts still ongoing

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