FTX walked away from a deal with Celsius after seeing state of its finances: sources
Looks like the market is in a worse shape most people think.
Even FTX walk away. Looks like Celsius goes to zero soon.
Fuck them, more important is what happens to the other lenders?
If the 18 Billion loss of 3 Arrow capital fuck them too, OMG we see all leverage go away.
A lot of people will lose all their money on these platforms.
ALL MONEY THEY LEND OUT FOR HIGH APR.
That's called third-party risk.
APR doesn't come from nothing, even if crypto people try to tell.
Someone needs to pay the APR, always!
Anyway, more bloody times ahead.
I know people don't read or like bear posts. But that's simply not the fairy dust bullshit other crypto people shill.
Stay safe and ofc no financial advice, do your own research!
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