Celsius Network in Legal Hot Water as Alleged Distinction Between Entities Proves to be a “Sham”

Celsius Network, a crypto lending platform that had previously enjoyed a strong reputation in the crypto industry, is facing legal challenges and regulatory scrutiny after it was revealed that the supposed distinction between its U.K. and U.S. entities may have been nothing more than a “sham.” The company is now looking to merge the two entities in an attempt to evade regulatory scrutiny.