Celsius sues StakeHound to recoup $150M MATIC, ETH and DOT
Ethereum Kinasuhan ni Celsius ang StakeHound para mabawi ang $150M MATIC, ETH at DOT 10 oras ang nakalipas Balita ng Ethereum ng Bitcoin Celsius is suing StakeHound to recover $150 million in ether (ETH), polygon (MATIC) and polkadot (DOT). The lender, which declared bankruptcy in July last year, claims StakeHound was entrusted with 25,000 native ETH ($47 million) in January 2021, and 35,000 native ETH ($65.9 million) in February of that same year. However, StakeHounds third-party security provider allegedly lost the private keys associated with the 35,000 native ETH from February. StakeHound allegedly claimed that “because keys associated with the 35,000 Celsius ETH (plus Rewards) had been misplaced, StakeHound not only was relieved of its obligation to return those tokens, StakeHound also was no longer required to return the 25,000 Celsius ETH (plus Rewards) in their entirety.” Two years earlier, Celsius entrusted StakeHound with 40 million MATIC ($29.1 million) as well 66,000 DOT ($342,000). StakeHound, in return, issued customers “stTokens.” In their recent filing, Celsius lawyers maintain the tokens were only locked until the Shapella fork activated ETH withdrawals earlier this year. “The staked native ETH tokens were locked and unavailable for withdrawal by anyone until the occurrence of a long-awaited ‘upgrade’ to the Ethereum blockchain, an event which