An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
MultiSig Wallets
What are Multisig Wallets?
Multisignature (often called "multisig") cryptocurrency wallets require more than one person to sign off on a transaction before it can be completed. It adds an extra layer of security to your wallet, as hackers would need to compromise more than one device or account to steal your funds. There are several different ways that multisig wallets can be set up, but a common example is a 3-2 wallet. This means there are three keys, and any two must sign off…
Block Education
@BlockEducation
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