June 12, 2022. Millions of users around the world received a chilling email from Celsius Network:“Due to extreme market conditions, we are pausing all withdrawals, swaps, and transfers between accounts.”Suddenly, the future of “decentralized finance” didn’t feel so decentralized. By July, Celsius had filed for Chapter 11 bankruptcy. Over $4.7 billion in user assets were frozen. People who thought they were earning passive yield woke up to empty wallets and broken trust. Unfortunately, Celsius...