Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way‪'‬ Unchained

Following the release of Celsius' examiner report, Kadhim Shubber, an investigative reporter at The Financial Times, dives into the controversial business practices of the lender, how the company inflated the CEL token, the use of customers' money, and much more.

Show highlights:

how Celsius used investors’ money to prop up the price of CEL

the reasons why Celsius inflated the CEL token

where the money to pay rewards to investors came from

blatant misstatements from Alex Mashinsky and how his team tried to cover him

how the company leveraged Bitcoin to fill the hole in its balance sheet

who was responsible for Celsius' shady business practices

Celsius' poor investment decisions

whether Mashinsky is at risk of facing criminal charges


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Kadhim:
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Links


Final report of Shoba Pillay, examiner


Financial Times: Crypto lender Celsius misused customer funds for years, examiner finds



Unchained: 7 Revelations From Celsius’ Examiner Report



CoinDesk: Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner



The Block: Tether denies it borrowed $2B from Celsius, as described in court report



Blockchain News: Celsius' Official Creditor Committee Denies Rejected Bids


Ram Ahluwalia’s take on the Celsius bankruptcy examiner report



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