The Celsius collapse TL;DR - CEO designed it as a massive pump and dump & used clever legal language to protect himself from persecution while getting away with tens of millions.

https://www.youtube.com/watch?v=1nVG8PF4ECU - this video explains pretty much everything.

Whenever you invest in to any DeFi application, you should stop and ask yourself, "If these guys are offering double digit return on investment when my bank cannot do the same, then what is their business model and how do I benefit?"

I have no way of identifying whether or not this was Celsius CEO's plan from the start - like literally starting a 100% legal pump and dump by depending entirely on language that they altered the definitions of in their EULA, but it me it seems absolutely ridiculous that this is the crux of the defense that allows him to evade any and all legal prosecution.

There are of course, many other details that I don't go into here and that's why I recommend you guys watch the video I linked in the first line of the OP. There's an interview that the guy gives with an actual employee of the company that requested to remain anonymous.

I hope you guys learned something useful today.