CRYPTO LENDER UNDER CHAPTER 11 BANKRUPTCY SUES FIRM
https://media.zenfs.com/en/thestreet_881/f2ce08f0b35999ddd5db3410eaa6949d
✍️ Celsius Network, a bankrupt cryptocurrency lender, has filed a lawsuit against Archblock Inc. alleging a 'multimillion-dollar fraud' in the management of customer funds tied to its stablecoins.
👉 Celsius Network filed a lawsuit against Archblock Inc. alleging a 'multimillion-dollar fraud' 👉 Archblock Inc. and its subsidiaries allegedly falsely represented their TrueCurrency tokens as fully collateralized and backed by cash held in escrow 👉 Celsius minted over $14 million worth of TrueCurrency assets between 2019 and 2022 👉 Celsius sought to redeem its holdings during its 2023 bankruptcy process, but the defendants allegedly refused
-- #AlexanderMashinsky #SanFrancisco #Hoboken,NewJersey #technology
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