Was Celsius a Ponzi scheme? Federal judge orders probe
A U.S. federal judge has ordered the examiner and the official committee of Celsius creditors to determine who would head the probe.
A U.S. federal judge has ordered the examiner and the official committee of Celsius creditors to determine who would head the probe.
Twitter account Crypto Vinco reported that the latest paperwork filed by Celsius in its bankruptcy proceedings revealed the names, dates, transactions, and amounts of every user on its platform.
SEC claims that CryptoFX posed as an educational platform but was a Ponzi, with its founder, who used to be a landscaper, lying that he is a trading guru.
Months of speculation ended as Celsius CEO Alex Mashinsky steps down from his post amidst an ongoing probe, which comes at the heels of the arrest of controversial Terra founder Do Kwon.
Gabriel Edelman faces a lengthy prison term as he stands trial on charges of misappropriating funds and tricking investors into raising $4 million for investments in virtual currencies.
A network designed to boost cybersecurity has been set up as the digital asset industry grapples with rising rate of criminality as the number of investors with little knowledge of the market grows.
The Vermont securities regulator has filed a motion in support of appointing an independent examiner in which it tore into Alex Mashinsky’s model at Celsius.
A Florida man faces a five-year jail term for scamming investors over $100 million through a sham platform he operated with two others, promising victims bountiful returns that are hard to ignore.
Instead of filling the conference hall with those who want to get rich quick, the symposium assembled policymakers, academics, journalists, and engineers to sit along the ‘crypto’ skeptics.
Celsius wants to only return funds to customers who hold assets in Custody and Withhold accounts, leaving out anyone who participated in the lending program.
Christopher Hamilton attempted to delay the extradition to the United States, claiming that his crimes happened mostly in Britain—but the judge was having none of it.
KeyFi founder Jason Stone, who managed billions for Celsius, sued the lender over reckless risking of customer funds, but Celsius is countersuing him for theft.