Vermont's Department of Financial Regulation joins a multistate investigation into Celsius and says it believes the cryptocurrency lender is “deeply insolvent”
July 12 (Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is …
Reuters Shivani Tanna
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Discussion
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@inafried
Ina Fried
on x
I know this isn't the point, but can you be “deeply” insolvent? https://www.reuters.com/...
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@wublockchain
Wu Blockchain
on x
Department of Financial Regulation in VERMONT has joined a multistate investigation of Celsius. It said that Celsius promised customers high interest rates (up to 17%) which is an unregistered securities and was operating largely without regulatory. https://dfr.vermont.gov/...
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@minuswells
@minuswells
on x
The Department believes #Celsius is deeply insolvent and lacks the assets and liquidity to honor its obligations to account holders and other creditors https://dfr.vermont.gov/... https://twitter.com/...
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@aarondbennett
Aaron Bennett
on x
At this point, it's impossible to trust anything I read or hear about regarding @CelsiusNetwork. This could be 100% true or 100% regurgitated falsities with the intent of weakening morale and encouraging a takeover. https://www.coindesk.com/...
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@californiadfpi
@californiadfpi
on x
The DFPI has issued a consumer alert and is investigating companies offering crypto-interest accounts. Due to market volatility, some companies are preventing customers from withdrawing & transferring from accounts. We're taking this matter seriously. https://dfpi.ca.gov/... http…