Bloomberg: The 2022 crypto platform run was led by large investors, some of whom were mature institutional clients

ChainCatcher news, research from the Chicago Federal Reserve Bank shows that last year, the withdrawals on cryptocurrency platforms like Celsius Network were "led by customers with large holdings, some of whom are mature institutional clients." The study estimates that before Celsius froze withdrawals and eventually filed for bankruptcy, 35% of all withdrawals in June came from individuals with accounts holding over $1 million; account holders with investments exceeding $500,000 withdrew the fastest and had a higher withdrawal rate. (Source link)