Column: Shame, suicide attempts, ‘financial death’ — the devastating toll of a crypto firm’s failure (Los Angeles Times)
Los Angeles Times: Column: Shame, suicide attempts, ‘financial death’ — the devastating toll of a crypto firm’s failure. “To hundreds of Celsius’ 1.7 million customers, the value of the $11.7 billion in assets they deposited with the firm might as well be zero. ‘[Alex] Mashinsky always talked very confidently about how strong Celsius was and how much better than banks,’ recalls Harold M. Lott, 35, a Nashville-area nurse who had as much as $14,000 in cryptocurrency assets deposited at Celsius at the peak of the crypto market. ‘He never gave any indication that there was a problem,’ Lott says. ‘But suddenly, out of the blue, they just stopped all transfers.’”
