Regular customers, misled by management, didn’t understand the implications of this transfer – but more sophisticated Series B investors were well aware of deficient record keeping, the filing added, arguing that the two entities should be treated as one for bankruptcy purposes.
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- Source: https://www.coindesk.com/policy/2023/05/02/celsius-seeks-to-merge-uk-us-entities-amid-allegations-distinction-was-a-sham/?utm_medium=referral&utm_source=rss&utm_campaign=headlines