Vermont joins multistate investigation into Celsius
State authorities in Texas, Alabama, and Vermont are investigating the operations of crypto lending firms like Celsius over offering unregistered securities.
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State authorities in Texas, Alabama, and Vermont are investigating the operations of crypto lending firms like Celsius over offering unregistered securities.
Oluwapelumi Adejumo 2 min read
CoinFLEX alleges the debt owed by Roger Ver has almost doubled since first being reported. Stakeholders, including the SmartBCH Foundation, are closely monitoring to ensure the interests of all involved are being protected.
KeyFi CEO alleged that Celsius has refused to honor the terms of a contract between both firms as regards profit sharing.
Troubled crypto lender Celsius has been on a debt repayment spree the last few days further suggesting the platform doesn't intend to file bankruptcy.
Voyager account holders could be repaid with their crypto holdings, stocks, VGX, and the debt from Three Arrows.
The crypto lending firm confirmed it holds similar collateral levels to fractional reserve banking while showcasing its ability to deliver for clients with 100% access to funds
Vauld had previously said it had no exposure to the "crypto contagion" and was sufficiently liquid. However, it now announces a pause on withdrawals and the possibility of restructuring.
Nexo has raised its insurance to $775 milliln and is negotiating with potentially insolvent crypto companies to help provide liquidity amid "smear campaign."
Simon Dixon had earlier mentioned that a traditional solution might not be the solution for Celsius, advising the firm to explore other options.
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