Cryptocurrency Lending Giants Face Financial Ruin Amid Market Uncertainty, Lack of Regulatory Guardrails

Cryptocurrency lending giants and their clients are now facing financial ruin, amid market uncertainty and the lack of regulatory guardrails. These firms, including the Celsius network, CoinFlex, and Babel Finance, tried their hand at lending, later freezing withdrawals. From the lofty goals of competing with traditional banks, here’s how cryptocurrency lending firm...

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