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The Celsius United Corporation Corporation, motion He asked the Bankruptcy Court to issue a summoning letter to EquitiesFirst Holdings (EHF), assuming that the CELSIUS Network could not repay about $ 439 million.
Equity first Is a loan platform for institutional investors that Celsius cooperated from October 2019 to February 2021 to support business through collateral loans.
Alex Machinsky, a co -founder of Celsius, promised $ 59 billion to get a loan from Equity First. When Celsius wanted to repay the loan, Equity Fast could not return the collateral.
Until now, EquitiesFirst has redeem about $ 70 million and has about $ 439 million. The debt consists of $ 361 million and 3,765 BTC (equivalent to $ 78 million). Cryptocurrency lenders make about $ 5 million continuous repayment plans every month.
Celsius did not reveal until the loan details were revealed. financial times He was nominated as EquitiesFirst as a debtor of the consumer. As a result, the creditor committee asked the court to issue a summoning letter to investigate the transaction between Celsius and her EquitiesFirst.
The committee is seeking information about the situation surrounding all loan contracts between Celsius and EquitiesFirst, the transfer of cash or cryptocurrency between the two parties, and that EquitiesFirst cannot return collateral.
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According to the committee, this summoning will help to clarify Celsius’s financial issues. EquitySfirst may have different information from CELSIUS, so from both parties. We are comparing evidence.
The share holder seeks a proxy
Since Celsius’s bankruptcy procedure began on July 13, the Credit Board has been actively defending the interests of individual investors.
Stock holders are working to demand the appointment of the official priority stock committee, which represents the interests of Celsius shareholders in the bankruptcy process.
Meanwhile, Celsius, on the other hand, has been appointed by Alex Macsssche to be Chris Ferraro as the highest restructuring and provisional CEO.
