According to the latest court document from the Vermont Department of Financial Regulation, troubled crypto lender Celsius Network allegedly made “false and misleading assertions” about its financial health and compliance with securities laws.
According to the court document, the bankruptcy cryptocurrency lender Celsius Network Ltd. may have misled investors about its financial difficulties and engaged in the inappropriate manipulation of the price of the platform’s tokens to improve the company’s balance sheet and financials.
The filing was made in support of the United States Trustee’s request to appoint an impartial examiner by the Vermont Department of Financial Regulation. Prior to this, the trustee in charge of Celsius’ bankruptcy case stated that it was looking for an examiner to help gather more details and relieve confusion and concern.
In a statement supporting the Justice Department’s request to appoint an examiner in Celsius’ bankruptcy case, the Vermont Department of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...