Celsius Now Countersuing KeyFi for Stealing Millions of Dollars

24.08.2022 10:01
by Maksym Prykhodko
1 min read

After being sued by the DeFi aggregator KeyFi, Celsius has now responded with a countersuit. The crypto lending company alleges that KeyFi stole millions of dollars from Celsius wallets.

According to Celsius’ suit, KeyFi used the stolen money to acquire NFTs and interests in numerous firms related to blockchain. In order to cover the trace of money, KeyFi allegedly utilized the crypto mixing service, Tornado Cash.

To remind the readers, KeyFi, which is in Celsius’ ownership, sued the crypto lender in July 2022. Celsius was charged with failing to protect KeyFi’s deposits and honor the contractual obligations.

That same month, Celsius filed for bankruptcy. We now await further news in its ongoing saga.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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