In this episode of pplpod, we dive into the dramatic rise and catastrophic collapse of Celsius Network, the cryptocurrency lender that once managed nearly $12 billion in assets. Founded in 2017, Celsius promised users high yields—sometimes up to 17%—on their crypto deposits, positioning itself as a modern alternative to traditional banking.

Join us as we break down:

• The Freeze: How "extreme market conditions" led Celsius to indefinitely pause all transfers and withdrawals in June 2022, triggering a slide in Bitcoin and Ethereum prices.

• The Bankruptcy: The details behind the company’s Chapter 11 filing, which revealed a $1.2 billion deficit and left 1.7 million customers wondering if they would ever recover their funds.

• The Allegations: Why a former investmen ...