$2.4 billion. That’s the amount cryptocurrency lending platform Celsius Network owes 1.7 million affected users today, according to a New York state court. A symbol of the volatility of the cryptocurrency market during its euphoric phase, the embattled US company froze withdrawals for all its users in June.
In the context of the collapse of Bitcoin and Ether prices, Celsius decided to hold the savings of its customers, spread over more than 100 countries, hostage. In mid-July, the company was finally placed under the American bankruptcy regime.
Millions withdrawn by the founders
Within the framework of this procedure, which is still in progress, revelations are raining on the platform. The judge in charge of the case revealed last Friday that he has been the subject of several federal investigations in recent weeks. “Three agencies, the SEC, the Commodity Futures Trading Commission (CFTC), and the Federal Trade Commission…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.