Celsius Network Sues Alameda Research and StakeHound Amid Alleged Market Manipulation

Bankrupt crypto lending company Celsius Network has filed a $2 billion lawsuit against FTX’s investment branch, Alameda Research. The lawsuit alleges market manipulation practices in 2022, leading to significant impacts on the CEL token’s price. Alameda Research Faces $2 Billion Lawsuit The bankrupt crypto lending company Celsius Network has filed a $2 billion lawsuit against Alameda Research, the investment branch of FTX, following accusations of trading activities allegedly manipulating the price of the Celsius (CEL) token in 2022. This move came after the initiation of investigations by various regulatory authorities, including the U.S. Commodity Futures Trading Commission (CFTC), the U.S. Securities and Exchange Commission (SEC), and federal prosecutors in Manhattan. It has been revealed that Celsius Network recently filed a compensation lawsuit against Alameda Research, demanding $2 billion. According to the claim, some FTX users carried out suspicious transactions in 2022, which significantly affected the price of the CEL token. […] The post Celsius Network Sues Alameda Research and StakeHound Amid Alleged Market Manipulation appeared first on COINTURK NEWS.