Founders of the bankrupt cryptocurrency project Celsius Network are suspected of fraud again

The cryptocurrency lender owes its customers almost $ 2.85 billion. Experts emphasize that previously, the total amount of digital funds specified in the organization’s bankruptcy lawsuits was only $ 1.2 billion. This may mean that the management concealed real losses and debts, and now it is again providing false information to its depositors.

According to the new data, the company has net debt of $ 6.6 billion, and the total amount of virtual assets is currently $ 3.75 billion. Previously, Celsius Network provided different information: when filing for bankruptcy, the company’s executives stated that they had $ 4.3 billion in assets and $ 5.5 billion in debts.

The lawyers explain that the discrepancy in the figures arose because many depositors had withdrawn their claims against the company or had not filed them at all. The lawyers are confident that Celsius Network’s management is not trying to deceive its investors, but that such calculations are very complicated. However, it is easy to understand that this is an outright manipulation and a desire to hide the cryptocurrency fraud of the Celsius Network management.

As a reminder, Celsius Network has filed for bankruptcy. However, this did not prevent the Celsius Network CEL utility token from rising in value by more than 4000% in just two months.