Vermont Department of Financial Regulation believes that Celsius Network is most likely to be insolvent The DFR issued a comprehensive statement, adding that Celsius Network lacks the required assets to pay back its creditors. On July 12, the Vermont Department of Financial Regulation issued a cautionary update contending that Celsius Network lacks the necessary assets and liquidity to pay back its creditors. The DFR has also joined a multi-state investigation for the same, asserting that Celsius is very “likely insolvent” […]
