សេស គឺ​ក្ស័យធន​តាំង​ពី​ពេល​ចាប់​ផ្តើម​មក អ្នក​ពិនិត្យ​ដែល​ត្រូវ​បាន​តែង​តាំង​ដោយ​តុលាការ​បង្ហើប​ឱ្យ​ដឹង

According to the report by a court-appointed examiner for its bankruptcy proceedings, the collapsed cryptocurrency វេទិកាផ្តល់ប្រាក់កម្ចី បណ្តាញអង្សាសេ had cheated customers since its foundation as a public company in the United States, which it allegedly created to avoid បទប្បញ្ញត្តិ នៅចក្រភពអង់គ្លេស។

Indeed, Celsius U.S. “on a stand-alone basis has been insolvent since inception,” according to the solvency analysis by the U.S. examiner, ចែករំលែក in a Twitter thread by the speaker and writer on economics, ហិរញ្ញវត្ថុ, and monetary policy, Frances Coppola, on February 1.

Furthermore, the report found that the Celsius U.S. entity was founded in August 2021, after the U.K.’s financial watchdog Financial Conduct Authority (FCA) denied Celsius Network U.K. a license and ordered it to cease selling to retail customers in the country.

Complicated connections

The examiner also drew attention to the intercompany accounting between the two entities, which Coppola said was “convoluted to say the least, and includes bizarre ‘loans’ and equity transfers rather similar to those in the Celsius-AMV (Equities First) arrangement” that she បានពិភាក្សា មុននេះ។

As the economist explained, Celsius U.S. was created to circumvent U.K. regulation, as internal accounting never distinguished between the two entities, instead viewing them on a consolidated basis, adding that she didn’t think “they ever had the slightest intention of creating a standalone US entity.”

According to the above table from the examiner’s report that Coppola shared, “significant parts of Celsius’s business, including its Treasury (and all its retained CEL tokens), its mining business and GK8, remained with the U.K. entity,” she stressed.

No accounts filed in two years

On top of that, Celsius’s U.K. branch បង្ហាញថា no accounts filed since December 2020 on the គេហទំព័រ of Companies House, the executive agency sponsored by the Department for Business, Energy & Industrial Strategy, which registers information about companies in the U.K. and makes it available to the public.

As it happens, the Companies House webpage for Celsius Network U.K. indicates that its accounts were significantly overdue, considering that it was supposed to file its 2021 full-year accounts by December 31, 2022, as Coppola observed.

Meanwhile, Celsius ប្រឈមមុខ scam allegations from the សហគមន៍គ្រីប after it unveiled a plan to exit the bankruptcy by rebranding itself into a publicly traded recovery corporation, which also involves giving creditors with locked assets above a certain threshold a token called Asset Share Token (AST) reflecting the value of their assets.

Notably, in September 2022, Finbold រាយការណ៍ on regulators accusing Celsius’s company executives of misleading អ្នកវិនិយោគ before the high-profile collapse and making questionable transactions, such as by the wife of former Celsius CEO Alex Manshinsky, who had រាយការណ៍ cashed out $2 million in crypto before the bankruptcy announcement.