Celsius ‘much like a literal Ponzi scheme’, class action suit alleges
Following its filing for bankruptcy just weeks after freezing customer withdrawals, troubled cryptocurrency lending firm Celsius Network LLC has been slapped with a proposed class action suit accusing the company of a Ponzi-like con job. Indeed, the class action, proposed to a federal court in the U.S. state of New Jersey, alleges that Celsius incurred $10 billion by selling unregistered securities in a Ponzi scheme and convinced investors to purchase its financial products at inflated rates, Law360 reported on July 14.
Source
https://t.me/Kucoin_Coins_Token
