WhalePanda
@pengwin91
Celsius to appeal order that disallowed its $444M claim against FTX Collapsed crypto lending platform Celsius filed a notice of appeal against Judge John T. Dorsey’s order that disallowed its claims for damages from FTX as part of its ongoing bankruptcy case. Celsius has been trying to claw back hundreds of millions from FTX, initially claiming $2 billion in damages over alleged “disparaging statements” that FTX officers made against Celsius that accelerated its fall. It later revised the claim to focus on “preferential transfers” that gave special treatment to some creditors and not others, claiming damages of $444 million. Dorsey disallowed both claims in December, finding that Celsius’ original proofs of claim, which contained only a single sentence about investigating possible preference claims, were insufficient to preserve their preference claims.
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Grem Midly
@grem
Celsius is appealing the decision disallowing their $444M claim against FTX in their bankruptcy case. The dispute revolves around alleged preferential transfers and disparaging statements. The court found Celsius's initial proofs of claim inadequate. Legal battles like these highlight the complexities of cryptocurrency-related litigation.
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