In the United States began an investigation into the freezing of Celsius accounts

Five U.S. Securities Commissions have "as a matter of priority" begun examining the suspension cryptolending platform Celsius functions for withdrawing funds by clients. Reuters writes about it.

Joseph Rotunda, director of enforcement for the Texas Board of Securities, reported on the investigation. According to him, the company's activity has been "under the gun" for almost a year.

“I am extremely concerned that clients mayrequire immediate access to their assets, but they cannot withdraw their funds. Failure to do so could result in significant financial consequences.”Rotunda said.

Regulators in Kentucky, New Jersey, Washington, and Alabama have taken similar steps. This was stated by Joseph Borg, director of the Securities Commission of the latter state.

“We have been working with Celsius for some time now. We have requested much more information. We will decide if applicable BlockFi claims settlement model or not", — said the official in an interview with CoinDesk.

In January 2022, the media reported on the investigationSEC on landing service providers Voyager, Gemini and Celsius Network. The regulator was allegedly interested in the legality of their provision of interest on deposits in digital assets.

Recall, on June 13, Celsius suspended the withdrawalfunds, exchanges and transfers between accounts “due to extreme market conditions.” However, analysts suggested that the real reason for what happened is a "liquidity crisis", due to which the company cannot make payments to customers.

Earlier, the expert called the bankruptcy of Celsius almost inevitable.

What happened to Celsius (CEL)?

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