Celsius Network is challenging a court ruling that rejected its $444 million claim in the ongoing FTX bankruptcy case. On Tuesday, the defunct crypto lender filed an appeal to overturn Judge John Dorsey’s December decision.
Celsius has been fighting for damages from FTX since 2024, initially demanding $2 billion. The claim followed allegations that FTX’s “unsubstantiated and derogatory statements” played a role in Celsius’ collapse.
The lawsuit was later revised to focus on so-called “preferential transfers” that allegedly favored certain creditors. Despite these changes, Judge Dorsey ruled in December that the claims were inadequate.
He found that Celsius had not properly assisted his preferential transfer investigation and dismissed the amended claims based on procedural issues.
In the ruling, the judge also emphasized that…
