Celsius Files Appeal Against Order Denying $444M Claim Against FTX
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Crypto lending platform Celsius, which recently collapsed, has filed a notice of appeal against Judge John T. Dorsey’s ruling in its ongoing bankruptcy case.
The judge had previously denied Celsius’ claims for damages against FTX, a company accused of making disparaging statements that contributed to Celsius’ downfall.
Celsius had initially sought $2 billion in damages but later revised its claim to focus on preferential transfers, seeking $444 million in damages. However, Judge Dorsey found Celsius’ original proofs of claim to be insufficient and disallowed both claims.
Now, Celsius’ litigation administrator, Mohsin Meghji, has filed a notice of appeal challenging the judge’s ruling.
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