Celsius

FTX Token

<ul><li>Celsius creditors want to subpoena FTX records regarding large wallet holders.</li><li>FTX debtors ignored previous requests.</li><li>The dispute could resolve long-standing uncertainty about the companies’ relationship.</li></ul>Celsius is preparing to take FTX to court to reveal the names of 10 large wallet holders suspected of manipulating the CEL price.Creditors want to expose wallet holders allegedly involved in suspicious transactions that manipulated the CEL price shortly after Celsius stopped withdrawals.<h2 id="header-0">Creditors Suspect CEL Token is Overvalued</h2>After detecting 950 CEL transfers resembling washing between their own custody wallets and FTX wallets, creditors are seeking clarity on the legitimacy of the transactions.The transfers allegedly occurred between April and August last year. Celsius seeks a court order to know whether these traders were involved in CEL price manipulation and caused the CEL token to be overvalued at 81 cents.Crypto wash traders manipulate the price of a token by buying and selling it through multiple accounts or exchanges. These transfers inflate the token’s trading activity and distort its true value.Celsius creditors also want information about short positions on CEL that could affect the token’s price. The token is currently worth 21 cents and is part of Celsius’ Chapter 11 bankruptcy plan.Continue Reading: <a href="https://en.coinotag.com/celsius-creditors-send-summons-to-ftx-due-to-alleged-cel-disclosure-transactions/" rel="noopener noreferrer nofollow">https://en.coinotag.com/celsius-creditors-send-summons-to-ftx-due-to-alleged-cel-disclosure-transactions/</a>

Celsius Creditors Send Summons to FTX Due to Alleged CEL Disclosure Transactions

Tabla de contenidos

COINOTAG NEWS

Otros artículos publicados el 28 abr 2023

UpBots Social Copy Trading

Findora Brings Auditable, Plug-And-Play Privacy To Any Web3 Dapp

DAG for Dummies by Dr Martin Hiesboeck

test

Clubhouse lays off over 50% of its employees as it prepares for 2.0

FRC Recovers in Premarket as Government and Advisers Explore Rescue Options

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!