Troubled crypto lending platform Celsius filed a countersuit in United States Bankruptcy Court on Tuesday against Jason Stone and his company KeyFi. In the filing, Celsius alleges Stone falsely represented himself as a pioneer and expert in coin staking and decentralized finance (DeFi) investments.
"Unfortunately, Defendants Stone and KeyFi, Stone's majority-owned corporate vehicle, proved themselves incapable of deploying coins profitably and appear to have lost thousands of Celsius coins through their gross mismanagement,” Celsius says. “But the Defendants were not just incompetent, they also were thieves."
The Celsius countersuit alleges Stone and KeyFi stole millions of dollars in coins from Celsius-controlled wallets, transferring them to wallets that they owned. The suit also alleges that Stone used Celsius coins to buy hundreds of NFTs, sending them to their own wallets.
NFTs, or non-fungible tokens, are cryptographically unique tokens that are linked to digital (and...
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