Troubled Crypto Firm Celsius Sues Former Money Manager Over Suspected Theft

Cryptocurrency lender Celsius Network sued a former investment manager, accusing him of losing or stealing tens of millions of dollars in assets before the crypto lender went bankrupt last month, reported Reuters.
Jason Stone and his company KeyFi Inc. were charged by Celsius with "gross negligence" and "extraordinarily inept" crypto investment after Stone misrepresented himself as a pioneer in the industry.
The case was filed in Manhattan bankruptcy court.
Celsius said Stone proved "incapable" of deploying coins profitably, causing "many tens of millions of dollars" in losses.
Celsius said he then misappropriated assets to buy hundreds of non-fungible tokens that he stored out of reach, and covered his tracks by using Tornado Cash.
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In an emailed statement, Stone's lawyer Kyle Roche states that, KeyFi's compensation, including NFTs, had been authorized by Celsius Chief Executive Alex Mashinsky.
"Celsius's most recent filing is an attempt to rewrite history and use KeyFi and Mr. Stone as a scapegoat for their organizational incompetence," Roche added.