Can you please tell me more about this or link me to easy-to-digest information?
Probably an explanation is better. Most articles as mentioned just say how terrible cholesterol is, and that it should be put to death with statins.
Cholesterol is an important part of cell membranes.
If it's been awhile since high school chem, those little guys with a head and two tails are phospholipids, and when they face each other like that, it's the lipid bilayer: the thing that makes up the cell membrane in our cells. The geometric yellow things wedged within the membrane are cholesterol.
Not only does cholesterol maintain the fluidity of the membrane so that it doesn't break apart; it has an effect on receptors, keeping them a certain distance apart in the membrane and thus ensuring that they are not hyper- or hypoactive. More on cholesterol's general function
here.
Cholesterol is also the mother-molecule for all steroid hormones, and is considered a steroid itself.
So cholesterol gives rise to cortisol, estrogen, testosterone, aldosterone, progesterone... a lot of important molecules for endocrine function. More on that
here.
Finally, at least the "good" cholesterol is a steroidal anti-inflammatory. More on that
here.
I think it's more meaningful to view cholesterol as a sign of increased inflammation -- a canary-in-a-coalmine-warning -- rather than as a primary source of disease. The distinction may be academic, since it can clog arteries, but that may be because there's inflammation there, not because the cholesterol itself is the problem.