medx Profile picture
Jul 5 2 tweets 2 min read Read on X
Celsius Network has officially sued me and thousands of innocent users in New York courts this week. Every single person & entity in crypto needs to be fighting alongside us against this bs. Because if we lose, it will affect every user of a cex.

We are every day people who used the platform as normal, not insiders, not bad actors, and because we happened to take our money off the platform 90 days before they declared bankruptcy they are trying to clawback all those funds plus more because they are suing for June 14, 2024 market rates, not 2022 rates. WTF!!

They are asking for outrageous sums of money, basically my entire net worth is what I'm being sued for, for doing absolutely nothing wrong.

At first I thought this was a scam and then some shakedown, but now that the suit is actually filed, I have to spend thousands to retain an attorney.

In addition, they have more than doubled the amount of money they are suing for because they changed the ask to current pricing of btc/eth vs originally asking for 2022 pricing. They are causing emotional turmoil, because they can. It's insanity.

The lawyers say they are going to give the money to other users of the platform and spread it around, but that's a fucking joke, those folks will get fractions of a penny on the dollar. All of this money will go into pockets of lawyers. This lawsuit will destroy the lives of thousands of innocent people.

Everyone in the industry needs to unite against this. We need to get this case tossed. @cobie
@GCRClassic @zachxbt @brian_armstrong @justinsuntron @jespow

These are the lawyers making everyone's life hell. Along with Cam Crews of the Celsius LOC.Image
Thank you everyone for spreading the word. We need to fight this together as a united front. If any well-known trusted parties like @cobie (sorry to drag you into this) or someone else would like to escrow defense funds, let's take this fight public.

Lastly, continue to decentralize crypto & finance. In unity.

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