Celsius Bosses Withdrew $30M in Crypto Before Bankruptcy

The video discusses the timeline of events leading to Celsius's bankruptcy, highlighting significant withdrawals by key figures and the subsequent halt of customer withdrawals. It then shifts focus to the current trends in the crypto market, noting the resilience of Bitcoin and the performance of crypto equities. The video concludes with a plug for an upcoming show that will explore the future of the crypto market and potential leaders in its recovery.

What significant event occurred in June related to Celsius?

• Celsius increased interest rates.

• Celsius announced a partnership with a bank.

• Celsius halted customer withdrawals.

• Celsius launched a new product.

How did Celsius attempt to compete with traditional banks?

• By providing free financial advice.

• By offering higher savings account rates.

• By offering loans with no interest.

• By allowing customers to invest coins and earn interest.

What trend was observed in the crypto market despite its volatility?

• Bitcoin was losing value rapidly.

• Crypto equities were underperforming.

• Crypto equities were outperforming.

• Traditional banks were entering the crypto market.

What percentage did Bitcoin fall year to date, as mentioned in the transcript?

• 57%

• 71%

• 63%

• 45%

What is the focus of the 'Crypto IRL' show?

• Analyzing the stock market trends.

• Discussing the future leaders and losers in the crypto market.

• Interviewing traditional finance experts.

• Exploring new crypto technologies.