Celsius Network misled its investors – and on occasion used new customer funds to pay for other customers’ withdrawals, the usual definition of a Ponzi scheme, an independent examiner for the U.S.

The examiner revealed that Celsius’ digital assets in its customer’s Custody wallet account officially became underfunded on Jun. 11. The independent examiner in crypto lender Celsius’ bankruptcy case ...

Celsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing. Crypto lending platform Celsius Network has onboarded restructuring ...

Shoba Pillay, the person tapped to examine Celsius’ goings on, said that execs including Alex Machinsky had sold tens of millions-worth of its native CEL token. Reading time 3 minutes Before it ...

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Crypto lender is under pressure from individual investors who want their money back after it froze withdrawals and filed for Chapter 11 bankruptcy. Celsius Network is in big trouble. The crypto lender ...

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Celsius Network LLC owns the coins that users placed in interest-bearing accounts with the crypto lender prior to its bankruptcy, a federal judge said in a written ...