BLKCC

Crypto lender Celsius backed its token, benefiting insiders – the US bankruptcy examiner

SINGAPORE/LONDON, Jan 31 (Reuters) – Bankrupt crypto lender Celsius Network used investor money and customer deposits to back its own token, inflating its balance sheet while two of its founders cashed in millions, a report issued by a U.S. court investigator said. . Tuesday showed. Crypto lenders like Celsius have boomed during the COVID-19 pandemic, …

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Crypto crime to reach record $20 billion in 2022, report says

LONDON, Jan 12 (Reuters) – Illegal use of cryptocurrencies reached a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions surged, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market faltered in 2022, as risk appetite decreased and various crypto companies failed. Investors were left with heavy losses, …

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