Celsius to liquidate tokens, hundreds of NFTs following settlement with KeyFi founder Jason Stone | Headlines | News | CoinMarketCap
07/15/2024 04:16Following a lawsuit and countersuit regarding KeyFi and founder Jason Stone's relationship to bankrupt crypto lender Celsius, the two parties have …
Following a lawsuit and countersuit regarding KeyFi and founder Jason Stone's relationship to bankrupt crypto lender Celsius, the two parties have agreed to settle according to an agreement filed in court last week. Jason Stone is also known as the leader behind the pseudonymous 0xb1 X account.
The settlement agreement will see KeyFi transfer a multitude of assets to Celsius, including wallets containing hundreds of different tokens and valuable NFTs, along with the $1.1 million proceeds of a Mutant Ape Yacht Club sale to billionaire Adam Weitsman currently held in escrow. KeyFi will also transfer assets related to DeFi protocols Spartan, Unslashed, Stakehound, and crypto firm Fireblocks.
Celsius, as per the settlement, will liquidate the assets over the course of the next …