Taking a cue from what is currently happening with Celsius, it has become imperative that you go through the terms and conditions of any project or platform you wish to get involved in. I guess the spike in the NFT industry which has led to the rise of marketplaces such as Gamestop and Solis NFT marketplace, makes this even more paramount.
I have however observed that many don't read through the tiny lines of a project's terms and conditions. If they really do, why would anyone still choose to put funds into Celsius? Knowing that a part of its T&C states that:
"In the event that Celsius becomes bankrupt, enters liquidation or is otherwise unable to repay its obligations, any Eligible Digital Assets used in the Earn Service or as collateral under the Borrow Service may not be recoverable.” I guess this legally exonerates Celsius from repaying any of its creditors… since they agreed to the T&C
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source https://www.reddit.com/r/btc/comments/w1fzl9/now_with_this_you_should_read_the_tc_of_every/
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