Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recover Assets

Celsius Network Files ‘Adversary Complaint’ Against EquitiesFirst to Recover Assets

Bankrupt crypto lender Celsius Network has filed Wednesday afternoon an “adversary complaint” against EquitiesFirst Holdings in an attempt to recoup assets, according to a bankruptcy court document.

EquitiesFirst is a private lending platform that owed Celsius some $439 million worth of cash and bitcoin (BTC) as of July 2022. Celsius first took collateralized loans from the lender in 2019, but failed to return collateral in 2021, CoinDesk reported earlier. Wednesday’s filing named both the company and its CEO, Alexander Christy, as defendants.

The rest of the document was filed under seal.

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“Complaint against Defendants Equities First Holdings, LLC, Alexander Christy (Adversary Complaint Filed Under

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