Celsius Network Review : Crypto LENDING App | Is It WORTHY For INVESTMENT !
Hello everyone! Welcome back to my channel. In today's video, I'm going to review the Celsius Network, a once-popular lending platform, and discuss whether it's still a viable option for investment. Let’s dive right in.
*What You’ll Learn:*
Overview of Celsius Network and its services
The current status of Celsius Network
Why it's no longer a viable investment option
*Video Timeline:*
0:00 - Intro
0:08 - Overview of Celsius Network
0:32 - Current status and why it’s shut down
1:00 - Conclusion and recommendations
*Celsius Network Overview:*
Celsius Network was a regulated, SEC-compliant lending platform that allowed users to earn interest on deposited cryptocurrencies or take out loans using their crypto as collateral. The platform attracted users by offering high returns on deposits and benefits such as fast, fee-free transactions. However, the situation with Celsius has changed dramatically.
*Current Status of Celsius Network:*
As of July 13, 2022, Celsius Network filed for Chapter 11 bankruptcy. This means the company is no longer in operation as it previously was. On January 31, 2024, Celsius announced that it had exited bankruptcy as part of a restructuring plan. This plan involved the distribution of assets, including the creation of a new Bitcoin mining company, to its creditors.
Unfortunately, due to the bankruptcy and restructuring, Celsius is no longer a viable platform for investment. If you try to access their website at [CelsiusNetwork.com](https://celsiusnetwork.com), you'll find that it’s no longer operational in the way it once was.
*Conclusion:*
Given the current status of Celsius Network, it is no longer a viable option for investment. If you are looking for similar services, it’s essential to research other platforms that are currently operational and compliant with financial regulations.
If you found this review helpful, please give it a thumbs up, subscribe to the channel, and leave a comment below if you have any further questions or need more information.
*Thank you for watching, and I'll see you in the next video!*
#CelsiusNetwork #CryptoLending #InvestmentReview #Bankruptcy #CryptoNews #LendingPlatform #FinancialReview #iphone #android #hta
