“In every key respect—from how Celsius described its contract with its customers to the risks it took with their crypto assets—how Celsius ran its business differed significantly from what Celsius told its customers,” Pillay wrote, after interviewing staffers, including former chief Executive Officer Alex Mashinsky, as well as customers of and vendors to the company.

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• Source: https://www.coindesk.com/policy/2023/01/31/celsius-used-new-customer-funds-to-pay-for-withdrawals-independent-examiner/?utm_medium=referral&utm_source=rss&utm_campaign=headlines