Found a poor soul on Reddit, funds frozen by Celcius. "Bank" run on these guys any day now. Get your damn #bitcoin off exchanges! pic.twitter.com/Omo2mSxVA2
— Parman 🔑 Private Key Whisperer (@parman_the) February 24, 2022
Celsius gives you inadequate returns for giving up your private keys. Their Bitcoin balance sheet is not fully auditable. I don't think there is any interest rate that would entice me to let someone else hold my Bitcoin and then let someone borrow it.
— Parman 🔑 Private Key Whisperer (@parman_the) December 13, 2020
And that is CeFi not DeFi
So you like handing over the control of your Bitcoin keys to Celcius, taking a risk worth about 30% pa, but only receiving, what, 6%?
— Parman 🔑 Private Key Whisperer (@parman_the) October 8, 2020
You are being tricked into accepting passive income and are taking a much higher risk than you understand.
