TechFlow News — Cryptocurrency lending platform Celsius has filed a lawsuit against liquid staking platform StakeHound, accusing it of failing to return $150 million worth of ETH, MATIC, DOT, and other tokens.
According to court documents, in 2021 Celsius entrusted StakeHound with 25,000 staked Ethereum, 35,000 native Ethereum, 40 million MATIC, and 66,000 DOT. The documents indicate that Celsius exchanged these tokens for StakeHound’s liquid staking "stTokens."
Court records filed with the U.S. Bankruptcy Court for the Southern District of New York reveal that after Celsius’ bankruptcy, StakeHound initiated arbitration proceedings against Celsius in Switzerland.
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