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Cryptocurrency News

Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk

06/23/2022

Less than a minute

2022.06.23 18:51

Swan Bitcoin CEO Cory Klippsten believes that the liquidity crisis involving Celsius Network may be just the beginning of a broader collapse in the crypto lending space.

“It doesn’t matter if you’re an amazing CeFi lending platform, taking these retail deposits and lending them out the back end and giving them yield, or a terrible one, they’re all going to get kind of dragged down,” Klippsten said in an exclusive interview with Cointelegraph.