Celsius Creditors File To Subpoena Defunct FTX
Creditors of the Celsius Network are attempting to subpoena the Bahamas-based bankrupt cryptocurrency exchange FTX in order to obtain information on specific customers linked to a series of questionable crypto trades last year.
Creditors of the failed crypto lender claim that these users may have manipulated the price of Celsius’ native coin CEL.
FTX will be summoned by Celsius creditors. According to a petition with a U.S. Bankruptcy Court on April 26, the Celsius creditors were requesting court permission to send a subpoena to the FTX debtors.
During the most recent bankruptcy hearing, the creditors committee claimed that it enlisted the help of Elementus Inc, a blockchain consulting business, which discovered over 900 transactions “involving a near one-to-one relationship” between CEL deposits and withdrawals among ten crypto wallets on FTX.
The creditors want to identify the users behind the ten wallets who executed suspicious CEL trades between April and August in 2022.
(With inputs from Shikha Singh)
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