People like to generalize. Celsius is supposed to be backed by enough collateral for customer funds to be safe, just like many other crypto projects. If it turns out it can't honor the agreement it will become a story about crypto because the alternative are government-insured accounts, which would honor the agreement.
Also, it looks even worse because these are not even "extreme market conditions" by crypto standards.
Also, it looks even worse because these are not even "extreme market conditions" by crypto standards.