Why did Celsius file a lawsuit against Prime Trust over $17m in tokens?
CHERISH PUNIANI 23117042Nov 26, 2021 · 3 years ago3 answers
What is the reason behind Celsius filing a lawsuit against Prime Trust over $17 million worth of tokens?
3 answers
- Nov 26, 2021 · 3 years agoCelsius 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.
- Nov 26, 2021 · 3 years agoThe 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.
- Nov 26, 2021 · 3 years agoAs 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.
Related Tags
Hot Questions
- 98
Are there any special tax rules for crypto investors?
- 97
How does cryptocurrency affect my tax return?
- 93
What is the future of blockchain technology?
- 92
How can I protect my digital assets from hackers?
- 82
What are the best practices for reporting cryptocurrency on my taxes?
- 68
How can I minimize my tax liability when dealing with cryptocurrencies?
- 62
What are the tax implications of using cryptocurrency?
- 56
What are the advantages of using cryptocurrency for online transactions?