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Celsius Faces Investigation

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Celsius Faces Investigation

B
Benzinga

119 Views • Oct 19, 2022

Description

Bankrupt cryptocurrency lender Celsius Network faces US federal investigations, according to a filing from lawyers. According to Tuesday’s filing, is subject to enforcement proceedings in at least 40 states. Celsius disclosed CFTC, SEC, and FTC inquiries and a federal grand jury subpoena from the US District Court for the Southern District of New York. Celsius became a popular crypto lender by paying users interest on their coin deposits. It froze withdrawals in June as crypto prices crashed and filed for bankruptcy in July.

Keywords & Tags

#inflation #business #altcoins #New York #grand jury #SEC #virtual currency #subpoena #FTC #bankruptcy #CFTC #crypto lender #Celsius Network #Bankrupt crypto lender #bankrupt #federal investigations #coin deposits

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