BURLINGTON, Vt. (WCAX) – Vermont is on no account a crypto epicenter, however over the previous few years, officers in the Vermont Department of Financial Regulation have quietly been probing comparable firms for securities compliance points that federal regulators have been gradual to take up.
DFR’s first investigation led to a trailblazing $100 million nationwide settlement earlier this 12 months with a crypto lending firm referred to as BlockFi. Now, the company is on the forefront of a multistate probe into Celsius, whose alleged mismanagement has ensnared the financial savings of greater than 250 Vermonters.
Darren Perron spoke with Seven Days’ Colin Flanders who reported on the story for this week’s issue.
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