KeyFi founder Jason Stone announced on Twitter that he has filed a lawsuit against cryptocurrency company Celsius.
KeyFi founder Jason Stone, 8 July in the tweet thread of Disputes between Celcius and KeyFi explaining their rights against the law announced that he would call.
KeyFi CEO Jason Stone cause of action aspect During KeyFi partnership with Celsius Celsius to KeyFi to provide misleading information and not to fulfill its obligations in a timely manner. showed.
According to Jason’s information, Celsius has done with KeyFi. managing customer deposits agreement, given to KeyFi to manage did not hedge deposits. In the continuation of Jason’s tweet, KeyFi received relying on misleading information own did not create hedge strategies and unconsciously using the funds in their hands pure market risk He talked about the exposure.
According to the statement made by KeyFi By the end of February 2021 Celsius to them discovered that he was giving misleading information on this information in March 2021 KeyFi with Celsius you want to break your business relationship reported to Celsius. However they compulsorily worked together for a while to close the open positions.
portfolio until April 2021 800 million dollars Expressing that it has grown, KeyFi to turn off DeFi positions emerged when they started from harm He said Celsius held them responsible. Celsius this theft due to loss claims to be, and according to Jason’s explanation He was accusing Jason of stealing.
Although they later admitted the loss, They blamed KeyFi and ignoring the fact that they follow all investment strategies and risk management they started.
On top of that, KeyFi that their problems cannot be resolved within reasonable frameworks. Thanks for solving this case and for the operations of Celsius’s KeyFi Paying his debts to KeyFi for He announced that he was taking legal action.