Celsius appeals dismissal of $444 million amended claim against FTX

On January 2nd, it was reported that cryptocurrency lending platform Celsius had appealed the rejection of its revised $444 million claim against FTX. Celsius claimed that defamatory statements made by FTX executives, employees, and affiliated companies had a negative impact on the company's reputation and financial health, accelerating its bankruptcy in July 2022. Court documents show that Celsius initially filed a $2 billion claim based on "unsubstantiated defamatory statements" spread by FTX insiders. In December of last year, Celsius revised its application, reducing the claim amount to $444 million. The revised claim focused on priority transfers, but the judge dismissed both the original and revised claims on procedural grounds.