Celsius Confesses that Business Never Made Sufficiently Revenue to Fund Yields. The Vermont Department of Financial Regulation has accused Celsius of running a Ponzi scheme. The financial watchdog said that the crypto lender has been insolvent since 2019. In a bombshell new filing, the Department said that Celsius was “effectively insolvent” and that […]The post Celsius Confesses Not Having Earned Enough Revenue to Support Yields Being Paid to Investors first appeared on The Crypto Basic.
