Crypto: Celsius Accuses ex-Fund Manager of Stealing Millions

Celsius Network is in big trouble. 

The crypto lender is one of the biggest victims of the fall in cryptocurrency prices that caused a liquidity crisis in the industry in May, June and July.

The firm has filed for Chapter 11 bankruptcy and is restructuring its debt. But the platform, which traded cryptocurrencies and offered financial services like a traditional bank, is under pressure from retail investors who want to recoup some of their money. These investors are organizing on social media and their goal is to push the U.S Securities and Exchange Commission or/and the Federal Trade Commission (FTC), which is supposed to protect consumers, to open investigations into Celsius.

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