- Fong has around $119,000 worth of crypto assets locked on Celsius.
- The document discloses that Celsius’ legal counsel has investigated the matter.
A court document suggests that defunct cryptocurrency lender Celsius Network sought to sue crypto blogger and Celsius creditor Tiffany Fong for disclosing confidential business information.
According to a snapshot posted by Fong, she has around $119,000 worth of crypto assets locked on Celsius after the company halted withdrawals in the middle of June 2022 and then filed for Chapter 11 bankruptcy the following month.
Since then, she’s been live-streaming updates on her YouTube channel about the bankruptcy case. Fong has repeatedly disclosed confidential material that she alleges was supplied to her in confidence by unhappy former employees of Celsius.
No Indication of Action But Matter Investigated
On April 14, the bankruptcy court for the Southern District of New York received a detailed sixth monthly fee statement from Celsius’s counsel, Kirkland & Ellis International. The legal company began working on this matter on January 26 and finished it on February 6.
There is no indication in the document that Celsius has decided to take legal action against Fong or her publication of the leak, but it does disclose that Celsius’ legal counsel has investigated the matter. A motion to compel, which asks a court to enforce a request for information pertinent to a lawsuit, was also mentioned in the document as being drafted by Celsius’ legal firm for Fong.
Fong, to mention a few instances, has reported on allegedly leaked audio of confidential corporate talks, alleged transaction activity of individuals such as former CEO and founder Alex Mashinsky, and allegedly leaked internal information pertaining to company bids on Celsius assets.
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