Coverage of the Celsius crisis has thus far been superficial and anecdotal.
Using on-chain and off-chain data and analytics, Arkham has revealed a more comprehensive picture of Celsius' activity. 1/14
Celsius appears to have entrusted corporate funds worth $530 million at the time of transfer to an apparent asset manager who engaged in high-risk leveraged crypto trading strategies. 2/14
These trading strategies resulted in apparent losses of $350 million when the asset manager returned capital compared to the value of the crypto assets Celsius originally sent. 3/14
After a $300 billion valuation at launch, ICP tanked 95%. Everyone wants to know why. Arkham did a comprehensive analysis. This video presents our findings.
Based on our analysis, it appears that the Dfinity treasury and addresses linked to it have deposited billions of dollars of ICP on exchanges since launch, possibly driving the price collapse.
At the same time, supporters who paid for tokens 4 years ago say they have found it extremely difficult, if not effectively impossible, to access their tokens.