An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Crypto Shilling
What is Crypto Shilling?
Crypto shilling refers to promoting a cryptocurrency, typically through social media or online forums, to artificially inflate its value or drive up trading volume. Individuals or groups can this with a financial interest in the cryptocurrency, such as developers or early investors. Shilling can take many forms, such as posting fake or misleading information, creating fake social media accounts, or paying influencers to promote cryptocurrency. The goal of the shilling is to create hype around the cryptocurrency and make it…
Block Education
@BlockEducation
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