I just read that Celsius, the crypto lending platform, is going to convert all altcoins from customers to BTC and ETH starting from July 1. This is part of their bankruptcy reorganization plan, which also involves dealing with the claims of borrowers through the set off treatment. What do you think of this move? Is it good or bad for the customers and the crypto market? Personally, I think it's a bit unfair for the customers who deposited altcoins and expected to get them back. Also, I wonder how this will affect the prices and liquidity of altcoins.
Will they go down or up? Share your thoughts below. #Celsius #Altcoins #BTC #ETH