Celsius appeals against rejection of FTX's $444 million amendment claim

On January 2nd, crypto lending platform Celsius appealed against FTX's $444 million amendment claim being rejected. Celsius said defamatory statements made by FTX executives, employees and affiliates had a negative impact on the company's reputation and financial health, accelerating the company's bankruptcy in July 2022. Court documents show that Celsius initially filed a claim for $2 billion, citing "unsubstantiated defamatory statements" spread by FTX insiders. In December, Celsius amended its application to reduce the claim amount to $444 million. The revised claim shifted the focus to priority assignment, but the judge dismissed both its original claim and the amended claim, citing procedural flaws.