As Celsius accelerates the crypto sell-off, who pays the price?

Crypto markets were shaken as the not-so-stablecoin UST and sister cryptocurrency LUNA collapsed last month, bringing the digital asset economy down with them and exposing smaller, more vulnerable players.
Now, we’re seeing crypto whales like Celsius floating up to the surface for different reasons, causing the global crypto market capitalization to fall below $1 trillion for the first time since January 2021.
Late last night, Celsius, one of the largest centralized crypto lenders, announced it was pausing all withdrawals, swaps and transfers for users. The firm attempted to justify its action

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