Celsius Was “Absolutely Trading CEL to Manipulate the Price”: Former Exec

Key Takeaways

  • Timothy Cradle, former director of financial crimes compliance at Celsius, has accused the lender of deliberately manipulating the price of the CEL token.
  • Jason Stone, the head of a firm that managed over $2 billion for Celsius, separately accused the lender of price manipulation in a lawsuit filed July 7.
  • According to its bankruptcy filing, Celsius has a $1.19 billion hole in its balance sheet and owes $4.72 billion to its customers, but its terms of use mean they may never get their funds back.

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