Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk: Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet  —  The Vermont regulator also said the crypto lender's treatment of investors funds “suggests” it operated with a Ponzi-like structure.

Sep 7, 2022 - 18:08
1127
Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk:
Filing: Vermont says Celsius CEO Alex Mashinsky repeatedly misled investors about the lender's finances and used its own CEL token to bolster its balance sheet  —  The Vermont regulator also said the crypto lender's treatment of investors funds “suggests” it operated with a Ponzi-like structure.