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Lizzy_analyst
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While the risk associated with crypto assets is low, BOK advised establishing a comprehensive response system to prepare for potential threats.
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Kannan warned against excessive risk-taking; advocated addressing issues separately from Ethereum’s core protocol.
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The Chopping Block discussed Ethereum’s consensus and risks of overloading with EigenLayer founder Sreeram Kannan.
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Celsius filed for Chapter 11 protection in July, one of several crypto lenders to go bankrupt following the rapid growth of the industry during the COVID pandemic.
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New Jersey-based Celsius also confirmed that it has secured a backup bid with the Blockchain Recovery Investment Consortium (BRIC), a holding company affiliated with the Winklevoss-owned Gemini Trust.
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