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Celsius and BitConnect: Not So Different?

July 27, 2022
in Regulation
Reading Time: 1min read
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Celsius Pays Off Aave Loan, Moves $418M ‘stETH’ Stack to Unknown Wallet
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If the Celsius case finds its way to any sort of criminal action, it feels more likely to be related to unexplained individual acts, such as CEO Alex Mashinsky’s transfers of CEL tokens and other assets to his wife, than to the system’s overall design and misleading marketing. In part, Celsius’ confusing structure and rhetoric may actually help shield scrutiny of its structure, simply because it might take too much effort to convey to a jury.

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