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The bankrupt crypto lender, Celsius, filed a lawsuit against the CEO and co-founder of KeyFi Inc. Jason Stone. In the allegation, Celsius claimed that Stone mis-used his position to steal the digital assets worth millions of dollars. The firm also claimed he does all this for his own profits.
Celsius filed the lawsuit in the U.S. Bankruptcy Court, in the southern district located in New York. The lawsuit includes million dollars of crypto theft and demand to return the company property. The firm includes, “The defendants stole millions of dollars in coins from Celsius “wallets” – blockchain addresses where coins and other digital assets can be stored – by transferring them to wallets that, upon information and belief, are controlled by the Defendants,” in its lawsuit.
The allegation also includes that Stone used the stolen cryptocurrencies to buy NFTs. In Addition, “The Defendants also sold some of the purloined assets for seven-figure returns (which they pocketed). Stone and/or KeyFi also appear to have used Celsius coins to acquire for themselves interests in numerous blockchain-related companies and platforms that they continue wrongfully to hold,” also added in the allegation by Celsius.
Furthermore, the lawsuit contains the information of theft of around $1.4 million cryptocurrency. This theft is from Celsius’ 0xb1 wallet which then funnelled using Tornado Cash service. The suit contains the complaint, “Stone and KeyFi laundered millions of dollars of Celsius property (or its proceeds) through Tornado Cash on dozens of occasions, and continue to hold property of great value that rightfully belong to Celsius5 .”
On the other hand, Stone counter-claim that Celsius was involved in a ponzi scheme and raised the price of cryptocurrencies by itself. He further added that the firm also represented itself as a well-capitalised business and were the part of Terra USD stablecoin collapse.
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