Celsius touted itself as better than a bank. Now the crypto firm is filing for bankruptcy.

Celsius Network is the third crypto-related firm to file for bankruptcy in two weeks. The company said most accounts will continue to be "paused until further notice" Celsius marketed itself as a type of crypto bank, encouraging people to deposit their digital currencies with the firm, and then earn money by either borrowing or lending against the crypto deposits. The decision shocked customers who had been told by Celsius that the platform was low-risk and secure, all while providing earnings as high as 17%. It's unclear whether Celsius depositors will get their money back, or which customers would get it back first; it's unclear if there's no deposit insurance in the crypto market, which is not regulated like banks, so there is no deposit policy. Source