Celsius Network was a ‘Ponzi scheme,’ company’s former investment manager alleges in lawsuit

Embattled crypto lender Celsius Networks is preparing to file for Chapter 11 bankruptcy protection, according to a new report.

CNBC reported late Wednesday that the New Jersey-based company was in the process of notifying state regulators about its filing, which reportedly was coming “imminently.”

Celsius and its representatives did not immediately…

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