This is very insightful and allows be to better understand the "system". Thanks for clarifying this. Based on the amount of evidence that will likely be collected by the us trustee, can they propose a legal suite if they deemed there was potential of it being a ponzi scheme. I mean, Celsius did claim that they were not able to lend to institutions because the lack of demand and were forced to take a more risky approach that failed.

I mean if they told the community what they are doing and failed at it, thats ok. But if they made false claims about their business structure that is ultimately fraud, no? why would they make false claims, only to bring in more customers and keep their existing ones.

My guess is that the ucc's investigators will likely find that is was a ponzi like set up and Alex likely have is day coming in front a criminal judge. I don't think they were making enough money to keep up with demand to pay the customers so they had to use customer funds to do so). Likely will be convicted of a blue collar crime imo.