Did Celsius Network mislead investors?

Crypto lender Celsius Network misled investors about its financial health, using its CEL token to bolster its balance sheet and at times using new investor funds to repay old investors, the Vermont Department of Financial Regulation alleged in a new filing Wednesday.

What is the Vermont report about Celsius's management?

The Vermont report is perhaps the most damning assessment of Celsius' management since the lender's collapse this summer helped plunge the global crypto market into a tailspin.

Which states are investigating Celsius's decision to suspend customer redemptions?

The state agency said it has now joined a multistate investigation of Celsius. State securities regulators inAlabama, Kentucky, New Jersey, Texas and Washington are investigating Celsius's decision to suspend customer redemptions. read more

Is Celsius transparent about its financials?

The department, one of several state regulators probing Celsius amid its ongoing bankruptcy proceedings, filed in support of the U.S. Trustee's Office motion to appoint an independent examiner, alleging Celsius has not been transparent about its financials.