The Celsius creditors' committee proposed to sue Celsius co-founders and other executives, accusing them of "fraud, recklessness, gross mismanagement, and self-serving behavior."

ChainCatcher news, the official committee of Celsius creditors has proposed to sue Celsius co-founder Alex Mashinsky and other executives, accusing them of "fraud, recklessness, gross mismanagement, and self-serving behavior," which ultimately led to the collapse of this cryptocurrency lending institution. Lawyers stated that the negligence and reckless investments by these executives resulted in Celsius losing $1 billion within a year, while mismanagement led to an additional loss of $2.5 billion.

Furthermore, the Celsius creditors' committee also accused the executives of spending "hundreds of millions of dollars" in the open market to inflate the price of CEL tokens, while "secretly selling tens of millions of CEL tokens (or being aware of such sales)" for personal gain. (source link)