Posted 9/7/2023, 1:48:55 AM
Celsius Network files ‘adversary complaint’ against EquitiesFirst
- Celsius Network files complaint against EquitiesFirst to recover $439M in cash and crypto
- EquitiesFirst is a private lender that owes Celsius $439M from 2019 collateralized loans
- Celsius originally lent assets to EquitiesFirst due to lack of crypto lending options
- EquitiesFirst failed to return collateral when asked in 2021, debt now $509M
- Celsius filed for bankruptcy in July 2022 amid market crash, CEO arrested for alleged fraud
