cryptonews
2022-07-13 07:41:00

Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims

Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled. Despite recent attempts to pay off its debts in an apparent bid to get its hands on locked-in collateral, in the United States, the Vermont Department of Financial Regulation (DFR) has issued a scathing consumer alert, where it stated that Celsius is “very likely” to be “deeply insolvent.”...Read More: Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims

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