Celsius Network was once the golden child of DeFi—promising sky-high yields and a future without banks. But in June 2022, everything fell apart. Users woke up to find over $5 billion worth of crypto locked and inaccessible. What happened to the dream of financial freedom?
In this short, we unpack the shocking rise and catastrophic fall of Celsius. From their viral promise of 17% APY to a bankruptcy that shook the entire crypto industry, this is the story of how trust, greed, and regulatory blind spots combined into a disaster.
CEO Alex Mashinsky went from public hero to federal defendant—charged with misleading customers and manipulating the CEL token. Users were left hanging, and billions vanished.
Watch now to understand why Celsius collapsed, what went wrong, and what it means for the future of decentralised finance.
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00:00 The Day Celsius Locked Up $5 Billion
00:10 From Hype to Bankruptcy: The DeFi Rollercoaster
00:25 The Fall of Alex Mashinsky
00:28 Watch the Full Saga Unfold
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