A few months ago, Celsius, one of the cryptocurrency platforms, froze all withdrawals, but it was shortly after two of the executives had pulled out somewhere around $20 million. Now, it looks like they may have been running a Ponzi scheme, as 40 different states are researching. This underscores why I have been concerned about many of the crypto-currencies. Even now, I see signs that people are buying back into Bitcoin as the price rises. Think carefully, and act wisely…. this wasn’t the only scam we’ve seen in the crypto world, and it won’t be the last.
The former CEO’s wife also appears to have pulled out $2 million before shit hit the fan.