At Least 40 States Are Investigating Celsius Crypto Platform Over Fraud Allegations

Today's News

As crypto investors face yet another day of losses, state securities regulators are seeking more transparency in the bankruptcy proceedings of Celsius, a popular crypto lending platform. Celsius is accused of misleading investors and faces investigations from at least 40 states. Meanwhile, El Salvador's experiment with making bitcoin a legal tender is struggling a year after its launch, and cybercriminals are targeting games popular with kids to distribute malware.

Outline

  • At Least 40 States Are All Investigating the Celsius Crypto Platform Over Fraud Allegations: Many states are investigating the Celsius crypto platform after allegations of fraud.
  • State securities regulators seek more transparency in Celsius crypto bankruptcy: Some state securities regulators are seeking more transparency from Celsius as it goes through bankruptcy proceedings.
  • A year on, El Salvador's bitcoin experiment is stumbling: El Salvador's experiment with using bitcoin as legal tender is not going well.
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  • Crypto Lender Celsius Misled Investors, Vermont Regulator Says: The Vermont regulator says that the crypto lender Celsius misled investors.
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