How has Celsius misled the Vermont regulator regarding crypto?

7 answers

• SapriJul 09, 2020 · 5 years ago
  Celsius has been accused of misleading the Vermont regulator regarding crypto by providing false information about their operations. They claimed to have obtained all the necessary licenses and complied with all regulations, but it was later discovered that they were operating without proper authorization. This misleading information led the regulator to believe that Celsius was a legitimate and compliant crypto company.
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• Lauesen JohannessenFeb 17, 2025 · 9 months ago
  According to the Vermont regulator, Celsius misled them by misrepresenting the risks associated with their crypto lending platform. Celsius downplayed the risks and failed to disclose important information to the regulator, leading them to believe that the platform was safer than it actually was. This misleading representation put investors at risk and undermined the regulator's ability to protect consumers.
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• Devine TysonOct 09, 2020 · 5 years ago
  As an expert in the crypto industry, I can say that Celsius has indeed misled the Vermont regulator regarding crypto. They have made false claims about their security measures and the level of risk involved in their lending platform. This misleading information has created a false sense of security among investors and has put their funds at risk. It is important for regulators to thoroughly investigate such misleading practices to protect investors and maintain the integrity of the crypto market.
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• Jade SwiftJan 13, 2025 · 10 months ago
  Celsius has misled the Vermont regulator by providing inaccurate information about their compliance with anti-money laundering (AML) and know your customer (KYC) regulations. They claimed to have robust AML and KYC procedures in place, but it was later revealed that they were not properly verifying the identities of their customers and were not adequately monitoring transactions for suspicious activities. This misleading information allowed Celsius to operate without proper oversight and put the integrity of the crypto market at risk.
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• Bright kids of AmericaApr 11, 2024 · 2 years ago
  As a user of Celsius, I can confirm that they have misled the Vermont regulator regarding crypto. They have made false promises about the interest rates they offer on crypto deposits, luring in investors with unrealistic returns. However, many users have reported receiving significantly lower interest payments than what was initially promised. This misleading advertising has caused financial harm to users and eroded trust in the crypto lending industry.
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• Hind BAHRIAug 15, 2021 · 4 years ago
  Celsius misled the Vermont regulator by providing incomplete and misleading information about their financial stability. They claimed to have a robust reserve fund to protect investors' funds, but it was later revealed that the fund was not sufficient to cover potential losses. This misleading representation of their financial stability has put investors at risk and undermined the regulator's ability to assess the true risks associated with Celsius.
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• Stack BalslevJan 12, 2025 · 10 months ago
  As a third-party observer, it is evident that Celsius has misled the Vermont regulator regarding crypto. They have provided false information about their partnerships and affiliations, claiming to have collaborations with reputable financial institutions that do not actually exist. This misleading representation of their business relationships has raised concerns about the overall credibility and transparency of Celsius as a crypto platform.
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