Did crypto lender Celsius inflated the price of its own cryptocurrency?

Crypto lender Celsius artificially inflated the price of its own digital coin, failed to hedge risk and engaged in activities that amounted to fraud, a lawsuit alleges. Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices.

Why did a former investment manager Sue Celsius Network?

REUTERS/Dado Ruvic/Illustration NEW YORK, July 7 (Reuters) - A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the price of its own crypto token and failed to properly hedge risk, causing it to freeze customer assets.

Can a Celsius client file a class-action lawsuit against a crypto lender?

Following the freezing of customer funds, disgruntled Celsius clients are considering a class-action lawsuit against the crypto lender. Some users of the platform have reported an inability to withdraw funds after being forced into “HODL mode” indefinitely.

Is Celsius suspending withdrawals from crypto lending?

Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Crypto lending service Celsius announced early Monday it would pause withdrawals, citing "extreme market conditions."