Celsius Misled Customers, Examiner Alleges, Calling Crypto Firm A ‘Sinking Ship’

Beleaguered cryptocurrency lender Celsius (CRYPTO: CEL) lacks proper asset and liability tracking and attempted to cover up false statements made publicly by its Chief Executive Officer Alex Mashinsky. That’s according to independent examiner Shoba Pillay, who informed the U.S Bankruptcy Court for the Southern District of New York on Tuesday of her findings in a 689-page report.