danielleon
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Celsius Was Allegedly Propping Up Its Own Crypto Token With Customer Funds
Before it eventually imploded, the crypto lender Celsius Network promised users it would not be any regular bank — no, it would be bigger than a bank — and users could “unbank” themselves by funelling some of their funds to Celsius. Users would gain interest while Celsius would gingerly handle your crypto for you, investing…
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Celsius Execs Cashed Out $AU62 Million in Crypto Before Halting Withdrawals for Customers
Three executives at crypto trading platform Celsius cashed out at least $US40 ($62) million in cryptocurrency shortly before the company halted withdrawals for all users earlier this year, according to a financial disclosure form filed in New York bankruptcy court late Wednesday.