Re:Celsius Execs Cashed Out $40M in Crypto Before Halting Wi...
by yieldcrv on Thursday October 06, 2022 @04:28PM
(#33113643)
I'm calling it copypasta because your response wasn't specifically about Celsius, it was looking for a reason to write your pre-existing beliefs about the entire asset class in a place where it wasn't relevant. A lot of people do this, but one of the bigger problems is that it lets poorly run companies get a free pass on bad business practices. "Our unscrupulous behavior won't matter because people will conflate it with crypto. They won't apply scrutiny to us, they'll just try to reduce access"
But it does have to do with crypto, because the company involved was holding crypto like a bank, but aren't regulated like a bank because it was crypto.