I was lucky to get all my funds out of Celsius just one day before shit hits the fan. Lucky I surf Reddit and all the fud got to me kek.

Anyway never gonna trust places that promise high apy anymore

Luno will be safe because it’s an exchange, they made their money from people buying and trading crypto.

For Celsius it’s a lending platform, they take your money and lend it out. In return they give some interest back, before I left it was 6.5% per year for btc. They got fucked when first Luno falls which they put a lot of customers find in to generate interest. 3ac also holding their funds. Crypto falls.

News of their insolvency was circulating in their Reddit sub for weeks. People got scared and started mass pulling out their funds, then they don’t have enough liquid funds to pay the customers back. Stop withdrawals and today filed a bankruptcy.

Rip Celsius tho, can’t say I didn’t miss their interest