Celcius reportedly prepping litigation against creditor for leaking internal info
A court filing indicates that bankrupt crypto lender Celsius Network either intended to, or is potentially looking at taking legal action against crypto blogger and Celsius creditor Tiffany Fong over leaking internal information.
looks like they want to/wanted to even though they owe me $ insane. pic.twitter.com/0EPxVZ6e3f
A screenshot shared by Fong shows that she currently has roughly $119,000 worth of crypto assets such as Bitcoin (BTC), Ether (ETH) and Polygon (MATIC) locked on Celsius, after the firm paused withdrawals in mid-June 2022, prior to filing for Chapter 11 bankruptcy the following month.
Since then, she has been actively reporting on the bankruptcy case as it unfolds via YouTube and other social media platforms. On multiple occasions, Fong has shared leaked internal information, which she claims was given to her privately by disgruntled former Celsius employees.
In an itemized sixth monthly fee statement from Celsius’ counsel Kirkland & Ellis International submitted to the bankruptcy court of the Southern District of New York on April 14, the law firm reported that it had worked 77 billable hours worth roughly $72,000 on an invoice titled “Tiffany Fong litigation.”
Paralegal Ken Sturek billed creditors for hours of “work” spent looking through @TiffanyFong_’s Social Media and then outsourcing the voyeurism to @FTIConsulting.Ken should consider becoming a reporter for the @nypost if his law gig doesn’t pan out. pic.twitter.com/1Bl16dgmgk
The law firm’s work on this case started on Jan. 26, with the last recorded hours of work being reported on Feb. 6.
While a concrete legal action doesn’t appear to have been formulated as of yet, the filing shows Celsius’ legal counsel was specifically looking into the leaked
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