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Evening Standard
Evening Standard
Business
Phil Holbrook

Crypto’s Lehman Brothers moment

Crypto DeFi OECD Celsius

Revered investor Warren Buffet once said “ only when the tide goes out do you discover who’s been swimming naked.”

Crypto markets have plunged, and the reciprocal damage is starting to surface. Decentralised Finance (DeFi) lending platform Celsius are the latest to be caught with their pants down, sinking the total crypto market value below $1 trillion for the first time since early 2021.

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