Crypto lending platform Celsius Network may have limited options in its efforts to stay solvent after its decision to freeze withdrawals helped set off one of the biggest digital token meltdowns in years.
So says crypto research firm Kaiko, which pointed to a combination of “poor risk management, bearish market conditions, and a derivative of Ethereum” known as stETH as the reasons Celsius now finds itself in a “Lehman-esque” position.
