On the first of November, the next meeting on the Celsius bankruptcy case took place. The key note of this meeting was a decree from a Federal judge to conduct an investigation, which would show whether Celsius worked under a Ponzi scheme.
The request for an investigation was the result of requests from Celsius customers. They claim that Celsius used funds of new users to pay income, as well as facilitate the withdrawal of funds for old customers. From a legal point of view, this activity is a Ponzi scheme. By appointment of the court, an auditor and an official committee of creditors for Celsius will be engaged in the investigation.
Celsius tweeted that they are looking forward to the next meeting, which is scheduled for November 15.
At today’s hearing, we continued the dialogue around important topics in our chapter 11 cases. Our next hearing is scheduled for November 15, where we look forward to advancing discussions regarding the claims process and other matters.
— Celsius (@CelsiusNetwork) November 2, 2022
We will continue our observations of this trial and will definitely share the news with you. Below are the past developments of the case:
