Crypto's latest meltdown leaves punters bruised and bewildered

FILE PHOTO: Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration

LONDON/MUMBAI/ANKARA (Reuters) - For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way.

"I was probably earning $100 a week," at sites like Celsius, said Fong, a 29-year civil aerospace worker who lives in the central English city of Derby. "That covered my groceries."