{"id":417973,"date":"2023-07-12T12:08:46","date_gmt":"2023-07-12T12:08:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=417973"},"modified":"2023-07-12T12:09:51","modified_gmt":"2023-07-12T12:09:51","slug":"celsius-files-lawsuit-against-stakehound-claims-150-million-in-missing-tokens","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/celsius-files-lawsuit-against-stakehound-claims-150-million-in-missing-tokens","title":{"rendered":"Celsius Lawsuit Against StakeHound Claims $150 Million In Missing Tokens"},"content":{"rendered":"
Celsius, the bankrupt crypto lender, filed a lawsuit against StakeHound for allegedly withholding $150 million worth of tokens including ETH, MATIC, and DOT.<\/p>\n
Court filings<\/a> revealed that Celsius had entrusted 40 million MATIC<\/a>, 66,000 DOT, 25k stETH, and 35k ETH for Stakehound’s liquid staking tokens – stTokens – back in 2021.<\/p>\n However, the filings revealed that Stakehound had hit back with an arbitration proceeding in Switzerland seeking declaratory relief that states it is under no obligation to exchange stTokens for other tokens as it has misplaced the keys.<\/p>\n [DB] Celsius Lost 35,000 ETH When Stakehound \"Misplaced\" Private Keys<\/p>\n — db (@tier10k) July 14, 2022<\/a><\/p><\/blockquote>\n\n