Celsius lost $350 mn due to high-risk trading strategies: Report2 min read 08 Jul 2022, 11:15 PM IST
According to an on-chain analysis by blockchain analytics firm Arkham Intelligence, the asset manager has been identified as investment firm Battlestar Capital / KeyFi, led by co-founder and CEO Jason Stone, pseudonymously operating as the well-known '0xB1'
Crypto lending platform Celsius entrusted corporate funds worth around $530 million to an asset manager who engaged in high-risk leveraged crypto trading strategies, causing an apparent loss of $350 million of customer funds when the capital compared to the value of the crypto assets Celsius originally sent was returned, according to a report.
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