What a bag of shyte article even by the low standards of crypto journalism. Even ignoring the photoshopped picture to try to make him look like a master of the darkside the article is so negatively flawed and just wrong. To be specific celsius is not like a bank pocketing all profits, they don’t do fractional reserve lending and only lend out what they have received as crypto and is very transparent they give 80% back to the depositers and only keeps 20% for their costs and profits UNLIKE BANKS!!
“In consideration for the rewards earned on your Account and the use of our Services,” the document says, “you grant Celsius the right … to pledge, re-pledge, hypothecate, rehypothecate, sell, lend or otherwise transfer or use any amount of such Digital Assets … for any period of time.”