Investors Scramble to Recover Funds Lost in Crypto Market Crash | Crypto

Investors Scramble to Recover Funds Lost in Crypto Market Crash

– In May 2021, Celsius Network, a crypto bank, filed for bankruptcy after a rapid rise and fall.

– The company had promised customers high interest rates on their deposits, but was unable to keep up with demand when the crypto market crashed in 2020.

– Customers have been organizing to try to get their money back, but it is uncertain whether they will be successful.

– The case is complex, and historically, investors who have lost cryptocurrencies in a corporate collapse have struggled to get them back.

https://static01.nyt.com/images/2022/08/17/business/00crypto-bankruptcy-1/00crypto-bankruptcy-1-facebookJumbo.jpg

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