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Celsius filed for bankruptcy protection earlier this summer after freezing user withdrawals on its platform in June due to “extreme market conditions”. The problems started for the company when frightened retail investors rushed to remove their assets from Celsius’s platform, precipitating a bank-like situation on the stock exchange, following the Terra crash. in May and its LUNA token, which plunged bitcoin to a third of its previous all. – high value of nearly $69,000.

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