- Celsius faces another trouble.
- YouTuber Ben Armstrong filed a lawsuit against the company.
The crypto staking and lending platform Celsius is currently going through a downfall with financial tension building one over the other. Recently, it also announced a halt in the withdrawals, swaps, and transfers.
Amidst all this, a YouTube Ben Armstrong, otherwise known as Bitboy with over 1.45 million subscribers has started the process of filing a class-action lawsuit against Celsius. Been took to Twitter to share the news and shared that he is one of the affected by the Celsius spiraling down.
Armstrong is affirmative that the firm has an adequate number of assets to take care of its obligations ($1.2B to AVVE and $2.5 $stETH guarantee). Bitboy said that Celsius and Alex are misleading individuals and are requesting that he send more cash to take care of the advance. Armstrong asserts that the organization is, as of now, indebted and is going into insolvency.