Celsius Network was a ‘Ponzi plan,’ company’s former expense manager alleges in lawsuit

Beleaguered crypto loan company Celsius Network operated as a classic “Ponzi plan,” the former head of the company’s essential financial investment technique alleged in a lawsuit, proclaiming the business made use of customer deposits to protect large liabilities brought on by reckless mismanagement.

Jason Stone, whose company KeyFi partnered with Celsius to run its decentralized finance expense enterprise in 2020 and 2021, mentioned in the suit that the crypto loan provider failed to consider actions to hedge towards volatility, leaving it massively exposed to the the latest crypto marketplace collapse.

The match stated Celsius never taken care of adequate liquidity

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Cvent Wins Many Market Awards Highlighting Company’s Very best-in-Class Technological know-how | Business enterprise

TYSONS, Va.–(Organization WIRE)–Jun 13, 2022–

Cvent (Nasdaq: CVT), a sector-major conferences, situations and hospitality engineering supplier announced numerous new business awards that highlight the strength of the Company’s occasion promoting and administration methods and all round excellence as a technological innovation leader. The product-centered accolades celebrate Cvent’s unwavering determination to establishing very best-in-class technological innovation that powers extra partaking and impactful in-particular person, digital, and hybrid gatherings.

“We’re incredibly very pleased to receive these awards from field-foremost systems that realize the major technology companies across the country and all over the earth,” explained Cvent Co-Founder and Main Technology Officer, David

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