When I saw Nexo tweeting their takeover offer of rival Celsius amid the latter’s crisis yesterday, I immediately smiled. Because without knowing anything beyond the superficial detail, it’s really cunning by Celsius.
តោះចូល។
តើអ្នកកំពុងស្វែងរកព័ត៌មានរហ័សព័ត៌មានជំនួយក្តៅនិងការវិភាគទីផ្សារមែនទេ?
ចុះឈ្មោះសម្រាប់ព្រឹត្តិប័ត្រ Invezz ថ្ងៃនេះ។
Crypto crash sparked by Celsius
I wrote a deep dive into the crisis facing crypto lending platform Celsius crisis yesterday នៅទីនេះ, but in short, Celsius took the shocking action of suspending withdrawals Sunday evening as they stared down the barrel of possible insolvency, triggering mass sell-offs and contagion fears across the market.
The possible Celsius contagion is likely due partially to the Terra collapse last month, as Celsius had funds invested in Terra’s Anchor protocol (deep dive of the Luna death spiral នៅទីនេះ – I really look forward to a month where no death spiral post-mortems require writing).
Nexo
Naturally, eyes turned toward Nexo, a competitor of Celsius who also offers customers yield in return for deposited crypto. Their team didn’t waste much time in tweeting out a response, taking a leaf out of Elon Musk’s book by taking to the Twitter timelines to reveal an ambitious takeover bid.
Source: https://invezz.com/news/2022/06/14/nexos-incredibly-smart-celsius-takeover-bid/