Celsius

Core

Million

Coin

<ul class="news-points"> 
 <li>The Celsius Network is set to invest $50 million to form a Litigation Oversight Committee.</li> 
 <li>The committee will pursue pending causes of action against parties like Alameda and Core Scientific.</li> 
 <li>Celsius may also pursue litigation against crypto influencers including BitBoy Crypto and Crypto Lark.</li> 
</ul> 
The Celsius Network is set to <a href="https://twitter.com/SimonDixonTwitt/status/1690968033274064896" target="_blank" rel="noopener noreferrer nofollow">invest</a> $50 million and set up a Litigation Oversight Committee as part of its Chapter 11 exit plan. The bankrupt crypto lender plans to pursue litigation against notable names in the crypto industry, including crypto mining giant Core Scientific, Tether International, Voyager Digital, and the defunct crypto hedge fund Three Arrows Capital (3AC). 
Crypto influencer Simon Dixon took to Twitter earlier today to inform the <a href="https://coinedition.com/celsius-app-to-shut-down-firm-identifies-paypal-for-btc-distribution/" rel="noopener noreferrer nofollow">Celsius</a> community about the next step in its Chapter 11 plan. The crypto lender will pursue causes of actions that were retained by the bankruptcy estate. The defendants in these causes of action will be litigated for reasons ranging from breach of contract, gross negligence, damages, intentional misconduct, fraud, and market manipulation, among several others. 
The Litigation Oversight Committee will also address the matter… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/celsius-to-invest-50-million-to-pursue-litigation-for-pending-disputes/">Celsius To Invest $50 Million To Pursue Litigation For Pending Disputes</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Celsius To Invest $50 Million To Pursue Litigation For Pending Disputes

Coin Edition

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