scorecardresearchEmbattled Crypto Lender Celsius Accused of Fraud by Ex-Employee in Suit

Embattled Crypto Lender Celsius Accused of Fraud by Ex-Employee in Suit

Updated: 08 Jul 2022, 07:58 AM IST
TL;DR.
(Bloomberg) -- Celsius Network, the crypto lender that froze assets last month, used customer funds to manipulate the price of its proprietary token and lost hundreds of millions of dollars by failing to hedge risk, a former money manager for the company said in a lawsuit.
FILE PHOTO: Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

FILE PHOTO: Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo