🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Celsius Network Plans Legal Action Against Angry Creditor

Published 15/04/2023, 09:35
Celsius Network Plans Legal Action Against Angry Creditor

  • Celsius Network’s counsel has filed against Tiffany Fong over leaking internal information.
  • Fong has actively reported unfolding events on the Celsius bankruptcy since June 2022.
  • Over 20 critical videos have been posted by Fong about the Celsius Network collapse.

A court filing by Celsius Network reveals the intention of the bankrupt crypto lender to initiate legal action against the renowned crypto blogger Tiffany Fong over leaking internal information. Fong shared a screenshot of a financial statement containing 51 different parties on Celsius Network’s list, of which she was the only individual among corporate entities.

Fong has been one of the focal characters of the Celsius collapse, actively reporting unfolding events on the bankruptcy case via her YouTube channel and other social platforms. On several occasions, she has shared leaked internal information that she claims to receive from disgruntled insiders at the defunct company.

In the shared statement, Celsius’s counsel submitted that it had 77 billable hours, equivalent to $72,476, on an invoice linked to “Tiffany Fong Litigation.”

While sharing details of the statement, Fong also revealed that she has roughly $119,000 worth of crypto assets locked in Celsius. According to a screenshot she shared, her portfolio with the network contains $94,568 worth of BTC, $24,306 worth of ETH, and $439 worth of MATIC.

Fong has reportedly posted over 20 critical videos about Celsius Network since June 2022, after the crypto lender went bankrupt, leaving users stranded over locked funds.

According to reports, her postings over the Celsius Network debacle were originally unintended. She only sought to express her frustration over lost funds over the Celsius collapse. Incidentally, a few tweets from a frustrated customer have snowballed into a media campaign. Her activities have attracted attention from the media, and even U.S. politicians, including a mention of her interview with Sam Bankman-Fried (SBF) at the U.S. Congress.

There is no confirmation of legal action yet by Celsius against Fong. However, the filing shows that Celsius’ legal counsel was looking into the leaked information Fong reported using her social media accounts.

The post Celsius Network Plans Legal Action Against Angry Creditor appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.