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Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation

The troubled lender lacks the assets and liquidity to honor its obligations to investors, DFR said.

Updated May 11, 2023, 5:36 p.m. Published Jul 12, 2022, 11:37 p.m.
Alex Mashinsky, Founder and CEO of Celsius Network (CoinDesk)
Alex Mashinsky, Founder and CEO of Celsius Network (CoinDesk)