.CelsiusNetwork is suing stakedTokens for its alleged refusal to return $150 million in tokens. thesamreynolds reports.
Bankrupt crypto lender Celsius is suing liquid staking platform StakeHound over the platform's alleged failure to return $150 million worth of ether , Polygon's MATIC, Polkadot's DOT, and other tokens.
According to court filings, Celsius entrusted StakeHound with 25,000 staked native ETH, 35,000 native ETH, 40 million MATIC, and 66,000 DOT in 2021. Celsius exchanged the tokens, which were valued at over $150 million, for StakeHound's liquid staking"stTokens," according to the filings.in U.S. Bankruptcy Court for the Southern District of New York alleges that StakeHound filed an arbitration agreement against Celsius in Switzerland after the lender's bankruptcy.
In the Switzerland filing, StakeHound argued that it has “no obligation” to exchange the stTokens for other tokens. StakeHound also says it lost the keys associated with 35,000 Celsius ETH, and is relieved of its obligation to return these tokens.. Section 362 of the U.S. Bankruptcy Code, also known as the"automatic stay," is a rule that stops most creditors from trying to collect debts or take legal action against a person or company as soon as they file for bankruptcy.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Celsius’ Liquidations Could be 'Significant' for the Altcoin Market: KaikoBankrupt crypto lender Celsius received an approval from the court to convert its altcoin holdings to bitcoin and ether as part of its restructuring plan. According to data by Kaiko, the market impact could be significant, considering liquidity for the tokens has dropped over the past year. CoinDesk's Jennifer Sanasie presents 'The Chart of The Day.'
Weiterlesen »
Ex-CNN Reporter Sues for Discrimination, Unfair DismissalA former CNN journalist is suing the network claiming unfair dismissal and racial discrimination after she was left disabled during an assignment.
Weiterlesen »
SVB Financial sues US FDIC to recover $1.93 bln seized in SVB rescueSVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion the regulator seized during its takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday.
Weiterlesen »
Sarah Silverman sues Meta, OpenAI for copyright infringementSilverman and two authors filed proposed class action lawsuits, underscorign the legal risks developers of chat bots face when using troves of copyrighted material to create apps that deliver realistic responses to user prompts.
Weiterlesen »
Sarah Silverman sues Meta and OpenAI for copyright violations📚⚖ Author and comedian Sarah Silverman, along with authors Richard Kadrey and Christopher Golden, filed a lawsuit on behalf of a class of copyright holds in the U.S. against Meta and OpenAI for copyright infringement.
Weiterlesen »
Comedian Sarah Silverman sues OpenAI and Meta over copyright infringementStand-up comic and author Sarah Silverman is suing OpenAI and Meta for allegedly using her book and its intellectual property for training their respective AI models without her permission.
Weiterlesen »