Just saw the article talking about how Celsius just repaid debt to get their collateral back then dumped 500mil into FTX (presumably to sell the assets?)
I’m not naive enough to think that the little guy has any protection compared to the big guy. It just seems so fucking wrong that they are paying back these big banks/VC/hedgefunds before allowing their customers access to THEIR OWN money.
I’m super lucky I got all my coins off CeFi and exchanges, but there are so many people who are getting totally fucked and it just seems like it should be criminal what they are doing.
Edit: changed DeFi to CeFi, but how it’s legal what they are doing is still baffling to me.
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