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Celsius Network filed an appeal contesting a decision that disallowed its $2 billion disparagement claim against FTX. Celsius alleged that FTX’s defamatory statements led to its bankruptcy in 2022. Despite amending the claim to $444 million, the court ruled in favor of FTX, emphasizing procedural deficiencies. This legal battle represents a trend in the crypto sector as bankrupt firms seek to recover assets.
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