Celsius Cryptocurrency Lending Network Raise $400 Million

The operator of the network said Celsius To lend in cryptocurrency, the network has collected 400 Million dollars in equity financing.

The investment will help reassure regulators of the credibility of the network's business, the CEO said Alex Mashinsky for newspaper Financial Times That mentioned the investment earlier Tuesday:

“It's not the 400 Million dollars, it's the credibility that comes with the people who wrote those checks.”

Celsius Network

The company collected 30 million dollars last year, in a round of stocks led by coin Tether, in a pre-money appraisal of 120 Million dollar.

The company has been subject to multiple moves by government regulators in the United States, in response to the lending products.

network received Celsius Last month, a Kentucky Securities Regulatory Authority ordered a moratorium on interest earned on certain crypto accounts.

The regulator says the accounts violate securities laws and fail to disclose to customers what is happening to their deposits and whether they are protected.

The action followed challenges against the percentage, which regulators faced in Alabama, New Jersey and Texas.