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Celsius Network
Known ScamCryptocurrency Lending Scam · First reported 2022
Think Celsius Network scammed you?
Get a free case review600,000
Victims reported
2,100
Warnings filed
38%
Recovery rate
£1,000,000
Max loss logged
About this scam
Celsius Network was a cryptocurrency lending platform that filed for bankruptcy in July 2022 with approximately $4.7 billion in customer liabilities. The platform offered high interest rates on crypto deposits but had secretly lent customer funds to hedge funds like Three Arrows Capital without adequate collateral. CEO Alex Mashinsky was charged with securities fraud and wire fraud.
Scam tactics used
Unusually high interest ratesUnsecured lending to third partiesMisleading financial statementsLack of transparencyCelebrity endorsements
Operating jurisdictions
United StatesGlobal
How we can help with Celsius Network
Cryptocurrency Fund RecoveryEnd-to-end recovery of cryptocurrency lost to scams, theft and fraudulent platforms - from tracing your funds on-chain to freezing them at exchanges and pursuing legal recovery or settlement.Blockchain ForensicsAdvanced blockchain analysis to trace cryptocurrency transactions, identify fraudsters, and build court-ready evidence across multiple chains.Online Banking Scam RecoverySupport for victims of authorised-push-payment fraud, fake bank alerts, account takeover and online purchase scams.
Think Celsius Network scammed you?
Our team has a 38% recovery success rate on cases involving Celsius Network. Get a free case review - no recovery, no fee.
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What to do about Celsius Network
- 01Contact us first. Get a free fund-recovery assessment from our investigators. We investigate Celsius Network and set out the practical steps to pursue your money.
- 02Share your evidence. Send us what you have - payments, screenshots and correspondence - and we organise it into a clear case file.
- 03Your bank. We help you pursue a recall or chargeback on the affected transfers.
- 04Regulators and authorities. Where it strengthens your case, we prepare and file the necessary reports with bodies such as the FCA and Action Fraud on your behalf.