Celsius creditors have begun to summon the lending company Equities First, to which Celsius owes $439 million

2022-09-30 15:02:57
Collection

ChainCatcher news, Celsius creditors have begun to subpoena Equities First, a lending company embroiled in Celsius's bankruptcy. Previously, Celsius's former CEO Alex Mashinsky stated that the company had borrowed from Equities First, and when they attempted to repay the loan, Equities First was unable to return the collateral. Mashinsky indicated that Celsius still owes Equities First $439 million.

Current creditors are seeking information regarding the loan agreement between Celsius and Equities First, any cash transfers between Celsius and the lender, and the reasons why Equities First was unable to repay the $439 million in collateral. (CoinDesk)

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