Summary : People caught in the meltdown of crypto lender Celsius are pleading for their money back. But as the value of highly volatile crypto currencies plummeted — bitcoin alone has shed over 60 percent since November — the firm faced mounting troubles until it froze withdrawals in mid-June. But that changed quickly, and on June 12 Celsius announced the freeze: “We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.” For people like one 84-year-old woman, who only had her roughly $30,000 in crypto savings on Celsius for a month, their hope lies in the bankruptcy proceedings.
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