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

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Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recover Assets
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The private lender owed Celsius $439 million of assets as of July 2022.

Celsius some $439 million worth of cash and bitcoin 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."Complaint against Defendants Equities First Holdings, LLC, Alexander Christy ," a docket entry on the bankruptcy page said. The description said the filing sought injunctive relief and a declaratory judgement, and was tied to the"recovery of money/property."

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