Cryptocurrency lender Celsius Network is reportedly prepping a heavy-handed legal action against crypto blogger and creditor, Tiffany Fong. Fong revealed a court filing submitted to the Southern District of New York which showed the firm's law firm, Kirkland & Ellis International, had spent 77 billable hours and $72,000 on an invoice titled "Tiffany Fong Litigation."
Apparently, Fong had reported on leaked internal information in multiple occasions such as company bids on Celsius assets, alleged audio of private company discussions and alleged transaction activity of execs like former CEO Alex Mashinsky, which the lender has been pursuing legal action to keep from spreading further.
The video shared by Fong on Twitter in April 15 showed her, alongside other crypto content creators, approaching Alex and his wife Krissy Mashinsky in an attempt to engage in a conversation. The couple then left without responding or engaging in the discussion.
Cointelegraph has reached out to Celsius for a comment on the potential litigation. However, Fong did make her view on the chase known to Cointelegraph. According to Fong, Celsius is using customer funds in an attempt to sue a creditor as they believe that it's not a legal issue.
Fong brought up that filing this kind of litigation could cause more distrust among investors and customers. It is yet to be seen how the creditor-debtor relationship in this case would proceed and what kind of legal action will Celsius pursue.
- Noah Davis
- 2023-04-15
Celsius Network Prepping Legal Action Against Fong
Crypto lender Celsius Network has reportedly been prepping a legal action against crypto blogger Tiffany Fong. This follows her reports on purported leaked information from the firm's inner circle and her video-taped attempted conversation with Alex and Krissy Mashinsky.