, Columnist
Celsius Crypto FOMO Proved Irresistible to Finance Pros Too
What was it about 18% yields that drew smart bankers to DeFi?
The booth of the Celsius Network crypto platform at the Paris NFT Day conference in April.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
Another day, another blowup in the hype-driven world of cryptocurrency lending.
And this time there’s a cautionary tale where even sophisticated bankers and pension funds were vulnerable to crypto’s Fear Of Missing Out (FOMO) chasing unrealistic rewards in the unregulated world of “decentralized finance.”