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Celsius Network founder withdrew $10M ahead of bankruptcy

1 pointsby akrymskiover 2 years ago

1 comment

akrymskiover 2 years ago
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;upZgF" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;upZgF</a><p>&gt; The company filed for bankruptcy in July with a $1.2bn hole in its balance sheet. The business had a peak last year of $25bn-worth of crypto assets deposited by customers attracted by the outsized interest rates Celsius offered, as high as 18 per cent on certain cryptocurrencies.<p>How that is not seen as a pyramid scheme by the SEC is beyond me.
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