{"id":83280,"date":"2022-12-05T02:30:37","date_gmt":"2022-12-05T07:30:37","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83280"},"modified":"2022-12-05T02:12:33","modified_gmt":"2022-12-05T07:12:33","slug":"celsius-clients-with-collateral-stuck-on-failed-crypto-platform-turn-to-bankruptcy-process-for-relief","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2022\/celsius-clients-with-collateral-stuck-on-failed-crypto-platform-turn-to-bankruptcy-process-for-relief.html","title":{"rendered":"Celsius clients with collateral stuck on failed crypto platform turn to bankruptcy process for relief"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.phunware.com\/company\/alan-s-knitowski\/\" target=\"_blank\">Alan Knitowski<\/a> holds an MBA, has worked in technology and finance for over 25 years and is CEO of a mobile software company that trades on the Nasdaq. That didn\u2019t prevent him from getting duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CB=\/\">bitcoin<\/a> as collateral. He didn\u2019t want to sell his bitcoin because he liked it as an investment and believed the price would go up. That was the Celsius model. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/12\/03\/celsius-users-with-crypto-collateral-stuck-turn-to-bankruptcy-process.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Alan Knitowski holds an MBA, has worked in technology and finance for over 25 years and is CEO of a mobile software company that trades on the Nasdaq. That didn\u2019t prevent him from getting duped by a crypto firm. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83280","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83280"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83280\/revisions"}],"predecessor-version":[{"id":83281,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83280\/revisions\/83281"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}