Vermont Regulator: Celsius Resembled Ponzi Scheme at Times
– The SEC has filed a lawsuit against Celsius Network and its CEO, Alex Mashinsky, alleging that they have made false and misleading claims to investors.
– The SEC alleges that Celsius misled investors about the financial health of the company and its compliance with securities laws.
– The SEC contends that these false and misleading claims induced retail investors to invest in Celsius or to leave their investments in Celsius despite concerns about the volatility of the cryptocurrency market.
Share this:
Related
More Stories
Huge Trouble’ Looming for Bitcoin and Ethereum as $10 Billion Earthquake Could Cause Price Chaos
-Bitcoin and cryptocurrencies have been left reeling by the sudden collapse of major crypto exchange FTX this month (though Elon...
Crypto needs regulation to avoid washouts like FTX, says Coinbase CEO Brian Armstrong
FTX declared bankruptcy after revelations about its business practices led to a surge of customer withdrawals, without sufficient funds to...
Slight Bitcoin Bullishness Continues Despite Market Cap Drop
The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. -However,...
Ethereum to fuel bullrun to $2,000 in coming weeks
- Ethereum's performance last week outperformed Bitcoin's by three times on the weekly chart. - Experts believe that Ethereum's burning...
JPMorgan’s Recent Experiment Proves Crypto is Here to Stay!
Ethereum was created in 2013, laying the foundation for cryptocurrency to take the largest step in its evolution since the...
tWhy Bitcoin and Ethereum Investors Are Losing Money
- Investors in Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies are losing money at a historic pace - The news...
