SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze
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The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities…
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Celsius froze withdrawals of user assets earlier this week, citing market conditions Regulators want to ensure incidents like this do not occur again Five state regulators have opened investigations... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
Celsius is unlicensed in Vermont and provided unregistered securities offerings, the agency said The lender used customer funds in risky and illiquid investments, trading and lending, it added Troubled cryptocurrency lender Celsius is in no position to fulfil withdrawal obligations or repay loans to creditors, according to financial regulators in…