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Bankrupt Crypto Lender Celsius Was Lax With Custody Program

  • Examiner cites shortfalls in accounting controls, operations
  • Findings may complicate customers’ efforts to be reimbursed
Celsius Network

Photographer: Silas Stein/picture alliance/Getty Images

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A new report by the examiner of bankrupt crypto lender Celsius Network details shortfalls in controls and operations at two of the company’s product offerings related to digital assets it held in custody for customers, raising issues of whether and how these users can get reimbursed.