Billions in bitcoin trapped on lending platforms like Celsius may turn into a tax write-off for investors

Crypto lending platforms like Celsius,

, and Voyager Digital rose to prominence for offering almost unbelievable returns of up to 20% annually on customer deposits. Now much of that crypto cash is trapped, as plunging token prices force platforms to temporarily suspend or limit withdrawals.

In the wake of its own solvency crisis, Celsius — which is still advertising up to 18.63% annual yield on its website — has had customer funds on…