CoinTelegraph - Judge orders probe to investigate whether Celsius was a Ponzi

https://cointelegraph.com/news/judge-orders-probe-to-investigate-whether-celsius-was-a-ponzi

Before a federal judge approves the $3 million bonus scheme, Celsius will be investigated to determine whether it behaved like a ponzi scheme.

In Hearing 1, Celsius was accused of using new users' assets to pay existing users. This is the definition of a ponzi scheme.

KeyFi, a decentralized financial protocol, previously also alleged that Celsius acted like a ponzi scheme.

Beware of ponzi schemes masquerading as DeFi!!