The latest bankruptcy hearing of Celsius saw key developments, including the demand for an investigation to determine if the crypto lender operated like a Ponzi scheme.
Summary: The U.S. SEC shared an update on the Forsage debacle. 11 individuals have been charged in connection with the...
EminiFX CEO Eddy Alexandre has been sentenced to 9 years in person for defrauding investors out of more than $248 million.
The final report filed by the independent examiner in Celsius' bankruptcy case found that the crypto lender used customer deposits to fund withdrawals, and by doing so, it met the definition of a Ponzi scheme.