Crypto Evangelists Find Out Assets Aren’t FDIC-Insured the Hard Way

It has been a rough couple of months for crypto enthusiasts.

Starting earlier this year, all types of digital currency began to slip and slide. Sometimes that encompasses large, familiar names like bitcoin, and others it swept up lesser-known coins like terra.

But either way, by the afternoon of June 13, it became obvious that the crypto market overall had taken some perhaps-fatal body blows — after the entire sector dropped below $1 trillion in value.

Even more alarmingly, a major coin lending exchange, Celsius Network, has stopped allowing withdrawls from its accounts.

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