{"id":13735,"date":"2022-08-24T14:43:38","date_gmt":"2022-08-24T14:43:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/celsius-countersues-keyfi-founder-company-claims-millions-were-stolen-from-crypto-lenders-wallets-bitcoin-news\/"},"modified":"2022-08-24T14:43:38","modified_gmt":"2022-08-24T14:43:38","slug":"celsius-countersues-keyfi-founder-company-claims-millions-were-stolen-from-crypto-lenders-wallets-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/celsius-countersues-keyfi-founder-company-claims-millions-were-stolen-from-crypto-lenders-wallets-bitcoin-news\/","title":{"rendered":"Celsius Countersues Keyfi Founder, Company Claims Millions Were Stolen From Crypto Lender’s Wallets \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Roughly seven weeks after Keyfi founder Jason Stone filed a lawsuit against the crypto lender Celsius, the company has filed a countersuit against Stone claiming that he stole millions from Celsius wallets and allegedly \u201cpocketed seven-figure returns.\u201d Stone\u2019s attorney Kyle Roche says the lawsuit is an attempt to \u201crewrite history,\u201d and to use Stone as a \u201cscapegoat\u201d for the company\u2019s financial troubles.<\/strong><\/p>\n

Celsius Countersues Keyfi Founder Jason Stone<\/h2>\n

The troubled crypto lender Celsius has filed a lawsuit against a former employee Jason Stone, the founder of Keyfi and the non-fungible token (NFT) collector known as \u201c0xb1.\u201d On July 7, 2022, Stone told the public he filed a lawsuit against Celsius and he disclosed that he had hired the crypto boutique law firm Roche Freedman LLP<\/a>.<\/p>\n

The court filing claims that Celsius lent Stone crypto assets that would be used for staking purposes and the company later asked to reclaim the funds. However, allegedly not all the funds were returned and Celsius claims a \u201csubstantial gap remained.\u201d<\/p>\n

\u201cAs Celsius only later would learn, Stone\u2019s repeated assurances that he could, and would, return all of Celsius\u2019 coins were lies designed to conceal the fact that he either had lost or stolen a substantial number of coins,\u201d Celsius insists. The company further alleges that rather than staking the tokens, Stone used them to purchase NFTs.<\/p>\n

The crypto lender also accused Stone of leveraging the now-sanctioned<\/a> mixing application Tornado Cash<\/a> to hide onchain movements. \u201cStone and Keyfi laundered millions of dollars of Celsius property (or its proceeds) through Tornado Cash on dozens of occasions,\u201d the court filing claims.<\/p>\n

While Stone\u2019s lawsuit said that the crypto lender\u2019s entire portfolio had naked exposure to the market, Celsius\u2019s court filing insists that Stone stole funds from the lender. \u201cThe defendants were not just incompetent, they also were thieves,\u201d the Celsius countersuit contends.<\/p>\n

\u201c[Stone took] many tens of millions of dollars from Celsius wallets, misappropriated crypto assets to buy and steal non-fungible tokens (NFTs) and pocketed seven-figure returns,\u201d the company\u2019s attorney explains in the court filing.<\/p>\n

Stone\u2019s Lawyer Claims the Court Filing Is an Attempt to Rewrite History<\/h2>\n

Following the lawsuit filed by Celsius, Roche Freedman LLP partner Kyle Roche<\/a> tweeted about the claims Celsius has made against Stone. \u201cAs alleged by Keyfi in the complaint it filed last month, the compensation that Keyfi received (including in the form of NFTs) was expressly authorized by Celsius\u2019s CEO Alexander Mashinsky,\u201d Roche wrote.<\/p>\n

\u201cThe transactions at the center of their complaint were not only publicly visible, but also advertised by Mr. Stone on Twitter. In fact, after Mr. Stone advertised these purchases, Celsius and Mr. Mashinsky sent Keyfi tens of millions more to deploy in defi,\u201d Roche said.<\/p>\n

Stone\u2019s attorney added:<\/p>\n

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Celsius\u2019s most recent filing is an attempt to rewrite history and use Keyfi and Mr. Stone as a scapegoat for their organizational incompetence.<\/p>\n<\/blockquote>\n

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0xb1 address<\/a>, 0xb1 Twitter account<\/a>, Alexander Mashinsky<\/a>, Celsius<\/a>, countersue<\/a>, countersuit<\/a>, Court Filing<\/a>, coutersue<\/a>, Crypto lender<\/a>, DeFi<\/a>, Hedging<\/a>, Jason Stone<\/a>, Jason Stone lawsuit<\/a>, Keyfi<\/a>, Keyfi founder<\/a>, Kyle Roche<\/a>, Lawsuit<\/a>, legal action<\/a>, New York Court<\/a>, nft<\/a>, NFTs<\/a>, risk<\/a>, Roche Freedman LLP<\/a>, Solvency<\/a>, staking<\/a>, Twitter Statement<\/a><\/div>\n<\/div>\n

What do you think about the lawsuit Celsius filed against Keyfi founder Jason Stone? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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