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States’ Probe of Celsius Network Alleges ‘Massive Losses’ as Far Back as 2021

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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…

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