• Celsius’ Creditors Committee wants to subpoena FTX to get info on some suspicious trades made last year.
• The trades are believed to have manipulated the price of Celsius’ native token CEL.
• The creditors are seeking the details of the users behind the FTX wallets that executed the CEL trades.

Creditors of the defunct crypto lender Celsius Network are looking to issue a subpoena to FTX in order to extract info about the bankrupt crypto exchange’s users who participated in a series of suspicious trades last year. The trades involved Celsius’ native token CEL, which is one of the cryptocurrencies at the center of the lender’s ongoing bankruptcy case.

According to a report by Bloomberg, the Celsius Official Committee of Unsecured Creditors entered an application in the U.S. Bankruptcy Court for the Southern District of New York, seeking the bankruptcy judge’s permission to issue subpoenas to FTX debtors for information regarding the users behind the wallets that executed the trades in question.

The Creditors Committee had reportedly retained the services of blockchain consultant Elementus Inc, which identified 947 suspicious transactions from last y…

The post Celsius Creditors Seek Info From FTX Over Suspicious CEL Trades appeared first on Coin Edition.

• Celsius’ Creditors Committee wants to subpoena FTX to get info on some suspicious trades made last year.
• The trades are believed to have manipulated the price of Celsius’ native token CEL.
• The creditors are seeking the details of the users behind the FTX wallets that executed the CEL trades.

Creditors of the defunct crypto lender Celsius Network are looking to issue a subpoena to FTX in order to extract info about the bankrupt crypto exchange’s users who participated in a series of suspicious trades last year. The trades involved Celsius’ native token CEL, which is one of the cryptocurrencies at the center of the lender’s ongoing bankruptcy case.

According to a report by Bloomberg, the Celsius Official Committee of Unsecured Creditors entered an application in the U.S. Bankruptcy Court for the Southern District of New York, seeking the bankruptcy judge’s permission to issue subpoenas to FTX debtors for information regarding the users behind the wallets that executed the trades in question.

The Creditors Committee had reportedly retained the services of blockchain consultant Elementus Inc, which identified 947 suspicious transactions from last y…

The post Celsius Creditors Seek Info From FTX Over Suspicious CEL Trades appeared first on Coin Edition.