Many Celsius clients petition US court to retrieve $22.5M in crypto
A number of irate creditors claimed that the suspension of withdrawals on Celsius custody is against the explicit language of the company’s terms of service. As displeased users take legal action to retrieve their assets after the platform froze withdrawals in June, the bankrupt cryptocurrency lender Celsius Network is dealing with new legal concerns. 64 […]
Celsius countersues KeyFi, claims deceit cost them millions
The CEO of KeyFi has been targeted by cryptocurrency lender Celsius. KeyFi had sued Celsius a week prior to its bankruptcy. On Tuesday, insolvent cryptocurrency lender Celsius countersued DeFi protocol KeyFi and its CEO Jason Stone in the US Bankruptcy Court. They claimed Stone had falsely represented himself as an authority on the subject and […]
US Trustee requests investigation of Celsius transparency issues
The Trustee in charge of Celsius bankruptcy case has asked an examiner to help clarify a number of intricate matters. A third-party examiner should be appointed to “untangle” the financial affairs and business activities of the troubled network, according to the United States Trustee managing Celsius bankruptcy proceedings. The US Trustee has requested an examiner […]
Phishing dangers increase as Celsius acknowledges client emails leak
Following the company’s disclosure that some of its client data had been compromised in a third-party data breach, Celsius depositors should be on the watch for phishing schemes. Customer emails from Celsius have already been misused and published online. Customers of Celsius were notified via email on Tuesday that an employee of one of its […]
Celsius attorneys assert consumers forfeited legal rights to their crypto
According to the attorneys of Celsius, the bankrupt crypto lender, user funds belonged to the corporation and not the user. According to the lawyers for the company, the 1.7 million registered users of Celsius from more than 100 countries relinquished ownership of the cryptocurrency they deposited into Earn and Borrow accounts. On July 18, lawyers […]