Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk

"Their loan books are opaque, their activities are opaque. [...] You're being way under-compensated for the risk," he explained.

Klippsten is quite skeptical that Celsius will be able to fully compensate users who are currently unable to access their funds on the platform.Klippsten describes Celius as a particularly stark case of bad risk management, pointing out that similar business practices are common in the space and they will be soon targeted by regulators.

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coryklippsten SwanBitcoin Is this the guy who spread FUD and caused a run on the bank type scenario. No financial institution that has fractional banking with majority of assets locked in investments to generate returns for customers can withstand a run on the bank. Does he have a short position?

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coryklippsten SwanBitcoin But he didnt see the exact same issues with Voyager where he’s invested in… 🤔🤡

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