Embattled Crypto Lender Celsius Reaches Settlement To Resolve Claims Worth Over $78,000,000,000

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The crypto lender, which promised high yields to customers for depositing their coins, froze customer withdrawals in June of 2022 citing extreme market conditions. It for bankruptcy the following month.

Its founder, Alex Mashinsky, was arrested earlier this month and is facing a slew of charges including securities, commodities and wire fraud.

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