Celsius Community, a crypto lending platform, has been contemplating authorized motion in opposition to Tiffany Fong, a crypto blogger and Celsius creditor, for sharing leaked inner data concerning the corporate’s chapter case. Fong, who has roughly $119,000 value of crypto property locked on Celsius, has been reporting on the chapter case through YouTube and different social media platforms for the reason that agency paused withdrawals in mid-June 2022 and filed for Chapter 11 chapter the next month.
Based on a current court docket submitting, Celsius’ authorized counsel, Kirkland & Ellis Worldwide, has been engaged on the case for Fong since January 26, 2023. The submitting reveals that the regulation agency had labored 77 billable hours value roughly $72,000 on an bill titled “Tiffany Fong litigation” as of April 14, 2023. Whereas no concrete authorized motion has been formulated but, the submitting means that Celsius’ authorized counsel has been trying into the leaked data Fong reported on through her social media accounts.
Fong claims that she acquired the leaked data privately from disgruntled former Celsius workers, and has reported on varied inner particulars, comparable to firm bids on Celsius property, alleged audio of personal firm discussions, and alleged transaction exercise of executives comparable to former CEO and founder Alex Mashinsky.
Within the submitting, Celsius’ regulation agency additionally outlined that it was drafting stop and desist letters for Fong and a movement to compel, which typically asks courts to implement a request for data related to a case. Whereas Fong maintains that she has not finished something unlawful, Celsius Community is looking for to stop additional dissemination of inner data associated to its chapter proceedings.
Fong’s attendance on the 2023 NYC NFT occasion has added gas to the fireplace. In a Twitter submit on April 15, she revealed that she had discovered Alex Mashinsky and his spouse, Krissy Mashinsky, in public and approached them. A video posted to Twitter additionally reveals the Mashinsky couple hurriedly strolling away as different crypto content material creators, comparable to BitBoy Crypto, strategy alongside Fong in an try to have interaction them in dialog.
Celsius Community’s chapter case is ongoing, with the corporate’s authorized counsel actively pursuing motion in opposition to Fong for leaking inner data. The case highlights the potential authorized penalties of sharing confidential data concerning an organization’s chapter proceedings, even when the data is offered by former workers.