Independent Examiner Says Celsius Used New Customer Funds to Pay for Withdrawals

Celsius Network misled its investors – and on occasion used new customer funds to pay for other customers’ withdrawals, the usual definition of a Ponzi scheme, an independent examiner for the U.S. bankruptcy court in New York said in a Tuesday filing. Plus, a closer look at why luxury brand Hermès is teeing up a legal battle against digital artist Mason Rothschild over his Metabirkins NFT collection.