The most famous collapse of Crypto project in 2021-22 was "Celsius" where we know it's native coin ,CEL , went to ash after bankruptcy of the project. Huge earthquake in Crypto market happened when these news breaks out in July last year. 

Especially it hits project in wall when they depegged Terra from USD and it becomes history within moments with global wise. 

SEC sues Celsius right after a year of collapse on mishandling the users assets and manipulation in market by lying continuously that we have enough reserves, assets of users are safe and enough liquidity in hand. 

Latest development showing that CEO of Celsius Alex Mashinsky has been arrested on allegations of frauds and corruption. At least millions of effective users will get some sigh of relief and satisfaction over it. 

Let see what further will happen after court hearings and process but definitely the rule of law prevail.

Cheers,

Amjad