Bankrupt CelsiusNetwork is subpoenaed by the U.S. federal prosecutors
The subpoena — an order for someone to attend court — was issued a few days after Celsius Network froze customer accounts in June by a federal grand jury used by the U.S. Department of Justice in Manhattan. Per Financial Times, the bankrupt crypto firm trapped “the savings of hundreds of thousands of customers.”on Oct. 11, a Cardano investor lost more than $25 million due to the Celsius freeze. The investor named"Hirokhado Kohji" had roughly 60.
While Celsius is going through the Chapter 11 bankruptcy process, there were reportedly almost 30,000 pages of court documents with the financial information of 600,000 user accounts. The judge, however, allowed revising users’ home addresses with their emails.According to Financial Times, Celsius Network held a whopping $25 billion of customer assets while “promising customers eye-popping returns it generated through deploying the tokens in digital asset markets.
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