If things couldn’t get any more confusing and bleak for Celsius ($CEL.X), they just did. Long story short (you can read the full details here), Celsius alleges that a former money manager lost, misappropriated, or stole a big chunk of customer assets.
Celsius’s attorneys allege that Stone-Keyfi attempted to obfuscate its activity with Tornado Cash by converting some of their (Celsius) assets into NFTs. A bit of an issue considering that Tornado Cash has been black-listed and banned by the US – a seriously contentious issue that we’ll be reviewing soon.
Some kinda-sorta positive news with Three Arrows Capital (3AC) just came out.
Liquidators got a bit of a win today. The Singapore High Court granted Teneo, the petitioner, access to any financial records. Teneo is the advisory firm appointed by a British Virgin Islands court. Teneo wants to see what 3AC is up to and how they are securing its assets through the liquidation process.
We’ll keep you updated as the news develops.