Examiner: Celsius' accounting and operational controls were 'insufficient'

Blockchain 

Cryptocoins News / Blockchain  14 Views


The independent examiner in Celsius' bankruptcy case has alleged that the company failed to set up "sufficient" accounting and operational controls in its handling of customer funds. The interim report shed light on what ultimately forced the lending platform to halt withdrawals on June 12. Celsius, founded in 2017 by Alex Mashinsky and Daniel Leon, didn't start tracking its balance sheet until after confrontation with regulators in May. (Read More)
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