Dirty Bubble Media has published the results of an investigation into links between Sam Bankman-Fried's (SBF) companies and Celsius. As it turns out, FTX, SBF, Celsius, and even Tether are far more financially linked than previously thought - with ties running deeper than SBF's Alameda Research becoming a major creditor to now-bankrupt Celsius.

Stablecoin issuer Tether faces scrutiny over an $840mn loan it recovered from Celsius Network as the crypto lender's bankruptcy tests how insolvency rules apply to digital assets. Celsius filed for bankruptcy protection in the US this month, becoming the latest casualty of the recent crash in crypto prices and leaving hundreds of thousands of its customers facing losses on their investments.

Are popular crypto stablecoins the next subprime CDOs, or even outright Ponzi schemes? Find out why I advise investors to sell or avoid Tether.