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.
