Vermont’s financial regulator alleges Celsius and its CEO made ‘false and misleading claims’

Vermont’s financial regulator alleges Celsius and its CEO made ‘false and misleading claims’

The ​​Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firm’s financial health and its compliance with securities laws. In a Wednesday filing with the U.S. Bankruptcy Court in the Southern District of New York, Vermont’s financial regulator said Celsius and Mashinsky [...]