Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recover Assets

Celsius Network filed an adversary complaint against EquitiesFirst to recover assets worth $439 million.
The complaint named EquitiesFirst and its CEO as defendants. The details were filed under seal.
Celsius sought injunctive relief and a declaratory judgment related to recovering money/property.
Celsius filed for bankruptcy protection in July 2022 amid the crypto market downturn.
Creditors are voting on selling assets to Fahrenheit as part of the bankruptcy proceeding.

coindesk.com

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9/15/2023

Celsius and Core Scientific Settle Mining Dispute for $45M Pending Court Approval

Crypto mining providers Celsius and Core Scientific have reached a $45 million settlement in their legal dispute, with Celsius paying $14 million in cash and the remainder in adjusted claims, pending approval from courts in Texas and New York, and Celsius acquiring a mining site in Texas.