Celsius is sinking. NEXO could be next. I don't know how come the companies are falling like this. I suppose everyone is panicking because they think average customers would withdraw funds. Crypto was designed to beat banks, but look at these companies who are centralized and can't become banks. I quit nexo so I am safe, what about you?
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Recently, several cryptocurrency exchanges went bust in my country. So maybe they're running away because they can't give their customers their money because they have made unrealistic transactions? that's just my thought
Good thing I was able to withdraw my funds before this happened. I even had problem doing that and had to talk to their CS for a couple of days because I can't login.