The collapse of TerraUSD in May led to decentralized finance (DeFi) platform Celsius freezing withdrawals, swaps, and transfers between customer accounts due to the “extreme market conditions.” The company filed for bankruptcy last week, leaving its users concerned about when, or if, they’ll get their money back.
A lot cheaper than they used to be Bloomberg reports that Celsius’ mining subsidiary also filed for protection. Celsius Mining’s filing revealed it owns 80,850 rigs, 43,632 of which are in operation, and expects to run about 120,000 rigs and generate more than 10,000 coins by the end of this year....