Blockchain expert rips crypto lender Celsius freezing accounts: ‘It’s unfortunate’

Ava Labs President John Wu draws a comparison between Celsius freezing accounts due to market volatility and the Robinhood debacle that unfolded over GameStop.

During an interview on "Mornings with Maria" Friday, Ava Labs President John Wu discussed

pausing all withdrawals and transfers between accounts due to the volatile markets, arguing the issues unfolding at Celsius are "the same villains that existed in traditional finance."On the Celsius issue, again, it's unfortunate and the number one hope and first and foremost is that individual customers can get their money out of that. But these issues that exist at Celsius, they're the same villains that existed in traditional finance.

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