How much people lost with Celsius Network
Three clear and obvious outcomes of this unwinding:<p>1. The crypto mantra "not your keys, not your coins" rings true.<p>2. Entrusting your personal financial data with a private company is sure to end in disaster, either by hack or court order. Privacy should be a basic <i>and legally protected</i> feature of blockchains.<p>3. Centralized Finance or CeFi is mostly a sham and deserves to be heavily regulated. Not to be confused with on-chain and transparent Decentralized Finance or DeFi platforms like Aave that have behaved predictably through this downturn, and have never required KYC.