Bankruptcy investigator concludes Celsius was cheating investors 'from the start'
A court-appointed examiner investigating the collapse of cryptocurrency biz Celsius has issued a report of her findings, which are wrapped up in the very first sentence of its executive summary.
From its inception as a public company, Celsius lied by concealing from investors it failed to meet its $50 million earnings target from its initial coin offering, or ICO, of its company CEL tokens, she alleges. Within a couple of years of the company's 2018 initial CEL coin offering, Celsius had substantially expanded its purchase of its own currency, and was doing so in a way that propped up the price to hide the fact that most of the market was coming from Celsius' own purchase of its coins.
Belgique Dernières Nouvelles, Belgique Actualités
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