Market Analysis
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.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
An examiner’s probe into Celsius has revealed that the platform purchased as much as $558 million worth of CEL tokens using customer funds.
The Judge ordered a probe into the allegations of Celsius’ Ponzi-like behavior.
Celsius aims to reorganize its business as a crypto custody firm that would charge users for certain transactions.
Celsius is not only short of $2.8 billion in crypto assets but would run out of cash by October as per court filings.
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…
Celsius remains in red despite attempts by the community to orchestrate a short squeeze.