A warning from a Celsius user, to Binance users (and generally CEXs). NOTHING is too “big” to fail.

I lost low 5 figures in Celsius. It was a a variety of factors such as if I withdrew I wouldn’t be able to earn interest again due to being grandfathered in, believing it was safe, and generally zoning out and not paying attention to crypto due to the large price drops that were going on for months.

As many users keep saying over and over: “Not Your Keys, Not Your Coins”.

Get your assets out of Binance, and BinanceUS (fake entity, is controlled by Binance) ASAP. There is no reason have to keep any crypto on there. Move it to a hot wallet, or cold storage, or a safer exchange like Coinbase. There are tons of red flags around Binance.

This reminds be of FTX when it was collapsing, and Celsius. It is better to be safe than sorry. PULL YOUR ASSETS OUT.

Self custody is the way to go.

THIS IS FINANCIAL ADVICE