Jan. 26—State officers are going after two cryptocurrency firms they declare defrauded New Hampshire residents.
The Secretary of State’s Bureau of Securities Regulation stated Thursday in a information launch it has submitted separate employees petitions in opposition to Voyager Digital Ltd. and Celsius Community, Inc., together with their subsidiaries and associates, accusing each of fraud and promoting unregistered securities.
The state claims Voyager supplied and offered unregistered securities within the type of purported interest-earning accounts. Traders opened these accounts by transferring fiat forex, cryptocurrency, or different digital belongings to Voyager.
“Voyager claimed traders might earn a high-interest return on these deposits and used them to spend money on quite a few high-risk transactions,” state officers stated in a information launch. “Nonetheless, Voyager did not disclose the character of this threat to its traders. The corporate just isn’t a licensed, compliant crypto dealer with any of the suitable regulatory businesses within the U.S. nor publicly traded within the U.S.”
State officers declare Celsius additionally supplied and offered unregistered securities within the type of purported curiosity incomes accounts that traders open by transferring cryptocurrency.
“Celsius claimed traders might earn a high-interest return on these deposits and used these deposits to spend money on high-risk transactions,” officers stated in a launch.
Each firms entered Chapter 11 chapter proceedings within the U.S. Chapter Court docket for the Southern District of New York in July 2022. The state submitted its chapter claims in each issues, looking for restitution for New Hampshire traders.
The Bureau of Securities Regulation has requested a right away stop and desist in opposition to each firms from fraudulent conduct and promoting securities. It’s also looking for restitution of any losses incurred by traders in addition to the imposition of fines and a bar from future registration by the bureau.
Anybody who has invested in Celsius or Voyager can contact the bureau with questions or issues by calling 603-271-1463 or emailing securities@sos.nh.gov.
