Smooth-talking CEO reassured Aussie investors as crypto company was crashing — now it's bankrupt

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Smooth-talking CEO reassured Aussie investors as crypto company was crashing — now it's bankrupt
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Australians have described their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.\n\nAnother cryptocurrency lender has filed for bankruptcy, leaving global investors desperate and in limbo.

A father of three in Australia wrote he had "his life savings in a Celsius earn account", and that he'd also convinced his father to deposit cryptocurrency assets into Celsius as a "safe haven".

Ms White was also struck by how many letters specifically cited Mr Mashinsky, and his online persona. But Claire said she struggled to find a job in the field and when trying to start her own businesses, found that Australian banks wouldn't lend to her due to a lack of local credit history.

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