Celsius Creditors Move to Subpoena Lending Firm Equities First

Celsius have moved to subpoena lending firm Equities First. The move comes after Celsius's former CEO Alex Mashinsky declared that the company had borrowed money from Equities First, and when they attempted to repay the loans Equities First was unable to return their collateral. Mashinsky said that Celsius is still owed $439 million from Equities First. The creditors are seeking information regarding the loan agreements between Celsius and Equities First, any transfer of cash or crypto between Celsius and the lender, and also the reason behind Equities First inability to payback the $439 million collateral to Celsius.