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KeyFi CEO Behind 0xb1 Twitter Account Sues Celsius for 'Ponzi Scheme'

From decrypt.co

DeFi entrepreneur Jason Stone—one of the individuals behind yield farming account 0xb1 and CEO of KeyFi, Inc.—is suing crypto lending platform Celsius for allegedly refusing to honor its contract. Stone is seeking damages for an amount “to be determined at trial.” In the lawsuit filed in New York on Thursday, KeyFi alleges Celsius used customer funds to “manipulate crypto asset markets, had failed to institute basic accounting controls which endangered those same deposits, and had failed to carry through on promises.” In the lawsuit filed in New York on Thursday, KeyFi alleges Celsius used customer funds to ... (full story)

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  • Category: Fundamental Analysis