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Reuters
Lawsuit accuses troubled crypto lender Celsius Community of fraud
A former funding supervisor at Celsius Community sued the crypto lender on Thursday, saying it used buyer deposits to rig the value of its personal crypto token and didn’t correctly hedge threat, inflicting it to freeze buyer belongings. The criticism mentioned Celsius ran a Ponzi scheme to profit itself by way of “gross mismanagement of buyer deposits,” and defrauded the plaintiff KeyFi Inc, run by the previous supervisor Jason Stone, into offering providers price thousands and thousands of {dollars} and refusing to pay for them. Celsius had no speedy touch upon the lawsuit, which seeks unspecified compensatory and punitive damages and was filed in New York state court docket in Manhattan.
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