British computer scientist and CEO of legal services chatbot DoNotPay, Joshua Browder, suggests investors sue the lender as it faces insolvency. He told CoinDesk TV’s “First Mover” a loophole in Celsius’ terms of service (Section 27 C) gives individual investors the ability to file a claim suit against Celsius Network in small claims court. The claim, however, must fall below a $10,000 threshold, but that may work to the benefit of plaintiffs.
Source: https://www.coindesk.com/layer2/2022/07/13/donotpay-ceo-wants-to-give-little-guys-the-power-to-sue-celsius/?utm_medium=referral&utm_source=rss&utm_campaign=headlines