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Celsius Network Was Selling its Customers’ Crypto to Prop Up CEL Token: Report
/ Crypto

Celsius Network Was Selling its Customers’ Crypto to Prop Up CEL Token: Report

An examiner’s probe into Celsius has revealed that the platform purchased as much as $558 million worth of CEL tokens using customer funds.

February 07, 2023
Celsius Probe Ordered to Look Into Ponzi-Like Behavior Dating Back to 2020

Celsius Probe Ordered to Look Into Ponzi-Like Behavior Dating Back to 2020

The Judge ordered a probe into the allegations of Celsius’ Ponzi-like behavior.

November 01, 2022
Leaked Audio from Celsius Meeting Reveals Plan to Pivot into Custody Business

Leaked Audio from Celsius Meeting Reveals Plan to Pivot into Custody Business

Celsius aims to reorganize its business as a crypto custody firm that would charge users for certain transactions.

September 14, 2022
Celsius’s Working Capital Will Dry Up By October: Filings Reveal

Celsius’s Working Capital Will Dry Up By October: Filings Reveal

Celsius is not only short of $2.8 billion in crypto assets but would run out of cash by October as per court filings.

August 16, 2022
User Funds Likely Lost as Celsius Network Declares Bankruptcy

User Funds Likely Lost as Celsius Network Declares Bankruptcy

Celsius' terms of services say users might not be able to recover their crypto used in the "Earn" service or as collateral in the event of bankruptcy.

July 14, 2022

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