Former Celsius Employee Lawsuit Alleges Crypto Lender Operated Ponzi Scheme

A lawsuit filed by the former head of DeFi at Celsius alleges that the cryptocurrency lender was operating a Ponzi scheme. What Happened: According to a filing with the Supreme Court of New York, the lawsuit claims that Celsius was “desperately seeking a potential investment that could earn them more than they owed to their depositors.” The complaint was filed by DeFi asset management platform KeyFi which was partially acquired by Celsius in 2020. “We discovered Celsius had lied to us. They had not been hedging ... Full story available on