barrons.com
It’s been more than seven months since crypto lender Celsius Network froze withdrawals, locking up billions of dollars in funds loaned by customers chasing double-digit interest rates. A newly released investigation shows just how hard it will be for investors to get their money back.
In a 689-page report released early Tuesday morning, bankruptcy examiner Shoba Pillay of Jenner & Block detailed the results of her four-month investigation into the origins of Celsius’ collapse and the alleged lies that firm executives told customers as the firm approached bankruptcy.