Wall Street

Crypto’s latest meltdown leaves punters bruised and bewildered

Published by
Reuters

By Tom Wilson, Elizabeth Howcroft, Nupur Anand and Ece Toksabay LONDON/MUMBAI/ANKARA (Reuters) – For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who lives in the central English city of Derby. “That covered my groceries.” Now, though, Fong’s crypto – about a quarter of his portfolio – is stuck at Celsius. The New Jersey-based crypto lender froze withdrawal…

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