Celsius Creditors’ Lawyer ‘Looking Into’ Whether Firm Was a Ponzi Scheme: Report

[Google News Bot]

A New York bankruptcy judge expanded the scope of the probe in the Celsius Network bankruptcy as the company’s customers demanded investigations into the crypto lender’s business operations, according to a Wall Street Journal report. At Tuesday’s hearing, Judge Martin Glenn of the U.S. Bankruptcy Court ordered the court-appointed examiner and the official committee of Celsius creditors to settle on who will lead a probe into the firm’s use of customer money. “We don’t know if Celsius was a Ponzi scheme, but there are flags that came up,“ Greg Pesce, the creditors committee’s l ...

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