Last month, KeyFi, a DeFi startup, filed a suit against Celsius, its business partner. Now, responding to that, Celsius has filed a lawsuit against KeyFi CEO Jason Stone for laundering crypto worth mi...
Tag: Celsius
Celsius Plummets 17%, Bitcoin Rejected at $22K
Yesterday’s brief attempt to overcome $22,000 was stopped in its tracks, and bitcoin has returned to a similar range. Most altcoins are also with minor price declines today, except for Ripple and Card...
Celsius countersues KeyFi and accuses it of tens of millions in losses
Celsius, a crypto lending firm that filed for bankruptcy due to ‘extreme market conditions,” have countersued KeyFi and its CEO Jason Stone. Celsius said that KeyFi and Stone misrepresented themselves...
Celsius accuses former manager of stealing millions of dollars in new lawsuit
The circumstances surrounding the collapse of crypto lender Celsius continue to take a new twist after the firm accused a former manager of overseeing the loss of millions of dollars. The now bankrup...
Crypto Lender Celsius Countersues KeyFi for ‘Gross Mismanagement’
Troubled crypto lending platform Celsius filed a countersuit in United States Bankruptcy Court on Tuesday against Jason Stone and his company KeyFi. In the filing, Celsius alleges Stone falsely repres...
Celsius Accused Its Money Manager of Theft, CEL Loses 16%
Arman Shirinyan Company believes Keyfi converted assets to NFTs and used Tornado Cash to cover its tracks As the Bloomberg article based on the allegation of Celsius suggests, a former money manager f...
Celsius Accuses Former Money Manager of Theft
On Tuesday, defunct crypto lender Celsius filed a countersuit against former money manager Jason Stone claiming that he stole millions from Celsius wallets and allegedly “pocketed seven-figure returns...
Celsius Network Sues Prime Trust Over Tokens Worth $17M
On Tuesday, Celsius Network filed a suit against crypto custodian Prime Trust. The organization has tried to retrieve crypto worth $17 million that the bankrupt lender has claimed that its former busi...
Celsius countersues KeyFi and alleges ‘incompetence and deceit’
Celsius, the New Jersey-based bankrupt cryptocurrency lending company, has countersued decentralized DeFi aggregator KeyFi and its CEO Jason Stone. It is claiming that KeyFi lost CEL worth millions of...
Celsius Drags Custody Provider To Court Over $17 Million In Crypto
Celsius has been one of the most prominent crypto companies to crash in the recent bear market. The crypto lender had been caught in the crossfire of the LUNA crash and was eventually unable to pay us...
Bankrupt Celsius Files Counter Lawsuit Against Trading Firms for Allegedly Stealing Crypto Assets
Embattled crypto lending firm Celsius Network is suing its former business partner and the investment firm’s co-founder for deceit, incompetence and unauthorized possession of property. In a complaint...
Celsius lawsuit accuses KeyFi of crypto theft, lies, and laundering cash
Celsius is launching a lawsuit against DeFi aggregator KeyFi and its CEO Jason Stone, claiming that they lied to the public, lost or stole tens of millions of dollars in crypto, and ran off with a wad...
Celsius Sues Custody Provider Prime Trust, Wants $17M in Assets Returned
Celsius is suing custody provider Prime Trust for failing to hand over $17 million in various crypto assets including BTC, CEL, ETH, and USDC. Celsius Network is suing custody provider Prime Trust for...
Celsius Sues Jason Stone for Alleged Crypto Theft
Celsius files a lawsuit against Jason Stone over the theft of cryptocurrencies and some digital assets. The allegation on Stone means the recovery of around $1.4 million from him. The bankrupt crypto ...
Celsius Countersues Keyfi Founder, Company Claims Millions Were Stolen From Crypto Lender’s Wallets – Bitcoin News
Roughly seven weeks after Keyfi founder Jason Stone filed a lawsuit against the crypto lender Celsius, the company has filed a countersuit against Stone claiming that he stole millions from Celsius wa...
Celsius, 3AC demonstrated why more financial activity needs to be on-chain
While mainstream coverage of cryptocurrency has been overwhelmingly negative in the wake of the collapse of the Terra ecosystem, the bankruptcy of Celsius and the fall of Three Arrows Capital, these e...
Celsius Files Lawsuit Against Ex-Investment Manager Over Stolen Assets Worth Millions of Dollars
Celsius Network served its former Investment manager, Jason Stone and KeyFi Inc., with a suit claiming he took advantage of his position to steal assets worth millions of dollars for personal profit. ...
Celsius Countersues KeyFi, Claims Millions Stolen From Wallets
Celsius claims KeyFi and Stone used recently-sanctioned crypto mixer Tornado Cash to cover their tracks Stone’s lawyer said Celsius’ lawsuit is an attempt to rewrite history and mask its own incompete...
Celsius Responds to KeyFi Lawsuit With One of its Own
Earlier this summer, KeyFi – a staking software firm and former partner of the platform – sued Celsius for mismanagement of customer deposits, fraud, and failure to honor an agreement between the two ...
Why Celsius Filed Counter Lawsuit Against KeyFi For Millions
According to a document filed with the Southern District of New York, crypto lending firm Celsius Network and Celsius KeyFi introduced a lawsuit against trading firm KeyFi and Jason Stone. The crypto ...
Celsius sues KeyFi, alleges Jason Stone stole over 1,000 ETH of investor funds for NFTs
Jason Stone of KeyFi filed a lawsuit against Celsius, claiming that Celsius owed KeyFi “millions of dollars,” and now Celsius returned fire by suing KeyFi and Jason Stone for the mismanagement and the...
Celsius Counter-Sues KeyFi for Tens of Millions
Key Takeaways Celsius is hitting KeyFi with a lawsuit, arguing that the DeFi strategy firm is responsible for Celsius losing tens of millions of dollars. According to Celsius, KeyFi was “incapable of ...
Celsius Depositors Fracture Again on Legal Strategy
Customers whose funds are frozen have hired a partner at Troutman Pepper to get access to their funds Celsius also must answer to its major institutional creditors People were given the option to move...
Celsius Alleges Prime Trust Owes $17M In New Lawsuit
Bankrupt crypto lender Celsius says Prime Trust returned some, but not all of its assets Prime Trust ended its professional relationship with Celsius in June 2021 As Celsius’ bankruptcy proceedings in...
Celsius CFO Refutes Claims That It Will Not Be Able To Fund Operations For 2022
Celsius Network continues to battle with bankruptcy, and as the proceedings have moved forward, there have been some interesting findings in the court filings. The latest of these has been that the co...
Is temperature rising for Celsius holders with CEL being top ten in…
Even though the cryptocurrency lending company, Celsius Network has faced massive trouble in the past, the price of the token has grown by 90.30% since the beginning of August. Source: TradingView Th...
Celsius Depositors Fracture Again on Legal Strategy as ‘Withhold’ Group Lawyers Up
Celsius customers in nine U.S. states received a message from the firm back on April 15 stating that because they were not accredited investors, they would not be eligible for custody accounts. These ...
the week in crypto policy
Just as the week was wrapping up, news of a cease-and-desist letter from the Federal Deposit Insurance Corporation (FDIC) addressed to FTX and other crypto firms came out. Here’s a look at some ...
Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy
Celsius Network LLC used more than $40 million in cash on its startup mining operation in the first two weeks after filing for bankruptcy, according to a report from the Wall Street Journal (WSJ). The...
Bankrupt Lender Celsius CEO Owes Creditors Transparency, Crypto Lawyer Says
The U.S. Trustee overseeing the Celsius Network bankruptcy is right to seek an independent examiner because the crypto lender’s CEO hasn’t been forthright with information. Sasha Hodder, founder of Ho...
Celsius CFO Says Company’s Cash Flow Will See It Through 2022
Celsius’ Chief Financial Officer has said that the embattled lender has sufficient cash to make it to the end of the year. This turn of events comes hot on the heels of a court filing on Aug. 14, 2022...
Celsius Slips By 31% – Here’s Everything You Should Know
Celsius slips by 31% and fails to extend its previous bullish rally. CELL fell below the $2.70 mark as the crypto market experienced a massive sell-off, sending many crypto coins down. The Celsius coi...