- Celsius Network’s list of creditors includes iFinex Inc, the firm that owns and operates Bitfinex exchange and the stablecoin Tether.
- Tether denied exposure to the bankrupt crypto lender that allegedly ran “ponzi schemes” and used customer funds to manipulate crypto markets.
- The bankruptcy filing shows iFinex Inc. lent USDT to a shell company that belongs to the Celsius Network.
Celsius Network, a bankrupt crypto lender accused of running “ponzi schemes” received funds from iFinex Inc., the firm that owns and operates cryptocurrency exchange Bitfinex and stablecoin Tether (USDT). The filing lists iFinex – registered in the British Virgin Islands – as a creditor of a Celsius Network shell company.
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Celsius Network’s list of creditors includes Tether’s parent company in new development
A bankruptcy filing by the defunct crypto lender, shows Tether’s parent company iFinex Inc. lent funds to a shell company owned by the Celsius Network, which has been accused of operating a “ponzi scheme.”
In July 2022, Jason Stone, the CEO of KeyFi sued crypto lender Celsius Network for allegedly refusing to honor a contract and using customer funds to manipulate crypto markets. When news of Celsius’s bankruptcy made the headlines, stablecoin Tether steered itself clear of the controversy.
The filing has revealed that…
