Regardless of your thoughts about Celsius, this article highlights something all crypto investors should be aware of. They kind of just slow walk an already misleading statement to be worse than it already is.
https://www.cnbc.com/2022/07/17/how-the-fall-of-celsius-dragged-down-crypto-investors.html
So as you can see below, they round up the 18.63% to 19% which is mathematically correct but also makes it look even worse than reality, not to mention they ignore limited instances where this was the case.
the platform was still advertising in big bold text on its website annual returns of nearly 19%, which paid out weekly.
Then several paragraphs later they inch forward to make things look even worse. I mean you cant round up, your already rounded up number.
Celsius’ overarching problem is that the nearly 20% APY it was offering to customers wasn’t real.
Anyway, just wanted to point out the semi propaganda-like style of writing and fact manipulation to create a narrative that makes things look worse than reality.
Again its 100% fine to think this whole scenario of 18.63% return should have been questioned but its also 100% fine to call out subtle fact stretching like for what it is.
EDIT - forgot to add link to story
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