Bankrupt crypto lending platform Celsius Network (CEL) has sued staking platform StakeHound for failing to return more than $150 million worth of cryptocurrencies.
Celsius Network 11 July In his application to the New York District Court on StakeHound total staked on 150 million from dollars of great value Ethereum (ETH), Polygon (MATIC) And Polkadot (DOT) not refunded filed a lawsuit against the platform.
According to the information given, Celsius will be at StakeHound in 2021. 60 thousand ETH, 40 million MATIC And 66 thousand DOT staked it. Celsius, tokens as part of staking collateral derivative aspect stETH, stMATIC And stDOT took.
However StakeHoundin the same year asset custody services provider fireblocks due to a problem with to Celsius he claims to belong 35 thousand ETHhas lost access to . On top of that, the platform Swiss Courtfor losing access to assets by going to released from the obligation to return also other collateral tokens underlying assets He argued that he didn’t have to change it.
Between StakeHound and Fireblocks your dispute own tokens right to receive on any have no effect Celsius front, stating that the Swiss court filing violates US bankruptcy laws have violated on the platform staking tokens and so far stake rewards earned demanded its refund.
Celsius, on the other hand, recently selling its altcoins to Bitcoin (BTC) and Ethereum He started to work in line with the permission he received from the court and 74 million dollars had moved its worth of assets.
