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How has Celsius misled its customers in the crypto lending industry?

avatarGanesh-ATDec 26, 2021 · 3 years ago3 answers

Can you provide some examples of how Celsius has misled its customers in the crypto lending industry?

How has Celsius misled its customers in the crypto lending industry?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Celsius has been accused of misleading its customers in the crypto lending industry by promising high interest rates that are not sustainable. They initially attract customers with attractive rates, but later reduce the rates significantly, leaving customers feeling deceived and frustrated. This has led to a loss of trust in Celsius and has caused many customers to switch to other platforms.
  • avatarDec 26, 2021 · 3 years ago
    One way Celsius has misled its customers in the crypto lending industry is through its marketing tactics. They often use misleading language and exaggerated claims to attract customers, making it seem like they offer the best rates in the market. However, in reality, their rates may not be as competitive as they claim, and customers may end up earning much less than expected.
  • avatarDec 26, 2021 · 3 years ago
    As a third-party observer, it is important to note that there have been allegations of Celsius misleading its customers in the crypto lending industry. However, it is essential to conduct thorough research and gather evidence before making any conclusive judgments. It is always recommended to read the terms and conditions carefully and compare different lending platforms to make an informed decision.