Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way' - Ep. 451
Following the release of Celsius' examiner report, Kadhim Shubber, an investigative reporter at The Financial Times, dives into the controversial business practices of the lender, how the company inflated the CEL token, the use of customers' money, and much more. Show highlights: how Celsius used investors’ money to prop up the price of CEL the reasons why Celsius inflated the CEL token where the money to pay rewards to investors came from blatant misstatements from Alex Mashinsky and how his team tried to cover him how the company leveraged Bitcoin to fill the hole in its balance sheet who was responsible for Celsius' shady business practices Celsius' poor investment decisions whether Mashinsky is at risk of facing criminal charges Thank you to our sponsors! Crypto.com Guest Kadhim: Twitter Links Final report of Shoba Pillay, examiner Financial Times: Crypto lender Celsius misused customer funds for years, examiner finds Unchained: 7 Revelations From Celsius’ Examiner Report CoinDesk: Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner The Block: Tether denies it borrowed $2B from Celsius, as described in court report Blockchain News: Celsius' Official Creditor Committee Denies Rejected Bids Ram Ahluwalia’s take on the Celsius bankruptcy examiner report Learn more about your ad choices. Visit megaphone.fm/adchoices