Celsius appeals dismissal of FTX's $444m revised claim
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2025-01-02 11:03 5,047
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According to news on January 2, crypto lending platform Celsius appealed against the rejection of FTX’s $444 million revised claim. Celsius said defamatory statements made by FTX executives, employees and affiliates negatively impacted the company's reputation and financial health, accelerating the company's bankruptcy in July 2022. Court documents show that Celsius initially filed a $2 billion claim based on "unsubstantiated and defamatory statements" spread by FTX insiders. Celsius revised its application in December, reducing the claim to $444 million. The amended claim shifted the focus to priority transfer, but the judge dismissed both the original and amended claims on the basis of procedural flaws.