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Why did Celsius file a lawsuit against Prime Trust over $17m in tokens?

avatarRodriguez JenkinsDec 26, 2021 · 3 years ago3 answers

What is the reason behind Celsius filing a lawsuit against Prime Trust over $17 million worth of tokens?

Why did Celsius file a lawsuit against Prime Trust over $17m in tokens?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Celsius filed a lawsuit against Prime Trust over $17 million in tokens due to alleged mishandling and unauthorized transfer of the tokens by Prime Trust. Celsius claims that Prime Trust breached their fiduciary duty and failed to properly safeguard the tokens, resulting in financial losses for Celsius. The lawsuit aims to recover the lost tokens and seek compensation for damages caused by Prime Trust's actions.
  • avatarDec 26, 2021 · 3 years ago
    The lawsuit filed by Celsius against Prime Trust is a result of Prime Trust's alleged mishandling of $17 million worth of tokens. Celsius accuses Prime Trust of unauthorized transfer and failure to protect the tokens, which led to financial losses. The lawsuit seeks to hold Prime Trust accountable for their actions and recover the lost tokens.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the field, I can say that Celsius filed a lawsuit against Prime Trust over $17 million in tokens because of Prime Trust's alleged mishandling and unauthorized transfer of the tokens. Celsius believes that Prime Trust breached their fiduciary duty and failed to properly safeguard the tokens, resulting in financial losses. The lawsuit aims to recover the lost tokens and seek compensation for the damages caused by Prime Trust's negligence.