Corporations invested more than $6 billion in crypto industry in the last 10 months DeFi-platform Velodrome accuses crypto sleuth of stealing $350k S&P Global dropped Coinbase rating to a speculative level BitGo will seek $100 million for Galaxy Digital refusal to acquire crypto platform Brazilian crypto exchange blocked customer accounts and fired staff Celsius Network’s debts is more his assets for $2,8 billion Monero underwent a successful hard fork First acquisition agreement crypto project for $1,2 billion terminated due financial statements OpenSea allowed reselling stolen NFTs

Lawsuit accuses Celsius of fraud for millions of dollars

Lawsuit accuses Celsius of fraud for millions of dollars

A former partner of the company Jason Stone said, Celsius ran a Ponzi scheme and  refused to pay for providing services worth millions of dollars.

According to Reuters, the man sued crypto lending platform Celsius in New York state court in Manhattan on 7 July. The complaint has few points including "gross mismanagement of customer deposits," used Ponzi scheme and refusing to pay for provided service former manager.  In the last point the plaintiff said he helped to earn Celsius and KeyFi $838 millions. But he didn't get 20% by this income by the non written agreement.    

Celsius had no comment about this situation. The company has 20 day for create his stance in this lawsuit.

Subscribe to our Telegram channel for the most relevant, interesting, and informative news from the crypto industry.

Is there an error in the article?
To report