FTX'ed: The Tangled Ties Of Celsius Network and Sam Bankman-Fried
Market manipulation, billions of dollars in transfers, preferential paybacks, and more...
We have previously discussed the role Celsius Network played in the CEL market. Both regulators and a former employee have asserted that Celsius artificially maintained CEL token prices by buying CEL on the market. As Celsius was not generating enough return to pay customers’ yield, it has been alleged that they fraudulently used customer deposits and collateral to buy CEL token.
https://dirtybubblemedia.substack.com/p/ftxed-the-tangled-ties-of-celsius
