A court-ordered investigation is looking into Celsius Network, a cryptocurrency lender that promised its customers a big 17% return on their deposits every year.
The company’s failure was reportedly inherent in its business model, and its founder and CEO, Alex Mashinsky, has come under fire for fraud.
“Extreme Market Conditions”
In June 2022, Celsius halted withdrawals and transfers, blaming “extreme market conditions.”...
Bankruptcy, Celsius, Front page, FTX, Main, Sam Bankman-Fried