Vermont regulators alleged that bankrupt crypto platform Celsius Network LLC, through its chief executive, Alex Mashinsky, made false and misleading claims to investors about the firm’s financial health even as it suffered huge losses.

The court papers filed earlier this week cited an analysis by securities regulators from multiple states into Celsius’ preliminary internal financial records.

The…

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Tornado that hit Alabama town, killing 1, was an EF-3 with 150 mph winds

A tornado that struck Alabama on Monday night, killing a 14-year-old boy…

Dirck Halstead, Photojournalist Who Captured History, Dies at 85

Mr. Halstead placed his archive at the Briscoe Center for American History…

Julian Assange case has ‘dragged on for too long,’ Australian foreign minister says

Australia’s Foreign Minister Penny Wong said on Saturday the long-running case of…

UNLV shooting suspect accused of killing 3 was rejected for a job at the school, police say

The gunman who opened fire Wednesday on the campus of the University…