That they lost money on their outlays (over $1.7 billion in total), that they stupidly found themselves in a position of having to buy CEL on the open market to pay user rewards, that they speculated in decentralized finance (DeFi) expecting to win is almost besides the point. These were incompetent, inveterate gamblers, the complaints show. Worse, they ushered unknowing customers into a sand trap, leaving the ability to deposit funds on Celsius open after withdrawals were shut down and after taking their own money off the platform, the court documents allege.
Alex Mashinsky Built Celsius Into a House of Cards
