Interesting seeing the announcement by Celsius exchange yesterday to freeze all withdrawals and trading. Is this a rug pull and assets held on there are gone? I did look at is as interest rates for staking were quite good but thankfully didn't end up putting anything in there. As mentioned I don't have a large amount, and have it split between 3 different exchanges in staking/earn accounts to reduce the risk of losing all of it at once. But the Celsius action is concerning as it further reinforces that idea of "not your keys, not your crypto." Should probably start looking into hardware wallets.
Interesting seeing the announcement by Celsius exchange yesterday to freeze all withdrawals and trading. Is this a rug pull and assets held on there are gone? I did look at is as interest rates for staking were quite good but thankfully didn't end up putting anything in. As mentioned I don't have a large amount, and have it split between 3 different exchanges in staking/earn accounts to reduce the risk of losing all of it at once. But the Celsius action is concerning as it further reinforces that idea of "not your keys, not your crypto." Should probably start looking into hardware wallets.