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Crypto lender under Chapter 11 bankruptcy sues firm
Yahoo Finance·2025-10-23 02:47

Bankrupt cryptocurrency lender Celsius Network has filed a lawsuit against San Francisco-based Archblock Inc., alleging the firm orchestrated a “multimillion-dollar fraud” by mismanaging customer funds tied to its stablecoins. The lawsuit, lodged in the U.S. District Court for the Northern District of California, alleges that Archblock Inc. and its subsidiaries, TrustToken Inc. and TrueCoin LLC, falsely represented their TrueCurrency tokens as fully collateralized and backed by cash held in escrow. Celsiu ...