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…
Texas Watchdog
Texas Watchdog Launches Probe into FTX Over Unregistered Securities
Per an Oct 14 court filing, the Texas State Securities Board (TSSB) has commenced an investigation into the crypto exchange FTX. The probe aims to address possible securities violations and extends to the US division FTX.US and CEO Sam Bankman-Fried. Joseph Rotunda, the regulator’s Director of Enforcement, submitted the complaint to the bankruptcy court in charge of FTX’s acquisition of Voyager Digital’s assets. Illegal Access to FTX’s Yield Program Joseph Rotunda has accused the crypto exchange of breaching state policy…
4 months ago 
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