News for hackers. Stuff that matters.

A comment on Founder of crypto lender Celsius Network arrested, charged with fraud. Parent comment

Re:Founder of crypto lender Celsius Network arrested, charge... by nickphx on Thursday July 13, 2023 @01:13PM (#36712621)
Uhhh, two brief examples of fraud: Celsius said they had insurance to cover deposits - they did not. Celsius said customer funds are not used for high-risk loans -- they were.
[ Parent | on HN ]
Re:Founder of crypto lender Celsius Network arrested, charge... by kevinthew on Thursday July 13, 2023 @01:44PM (#36713132)
Right -- this is pretty clear cut fraud.

I think the normalization of criminal activity in the crypto space is largely due to regulatory ignorance but when there are clear cut cases of fraud, the SEC should aggressively prosecute these crooks.

[ Parent | on HN ]