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On October 18, local time, Afghan government spokesman Zabiullah Mujahid issued a statement saying that negotiations with Pakistan are scheduled to be held in Doha, the capital of Qatar, on the same day. A high-level delegation led by Afghan Defense Minister Yakub has set off for Doha.On October 18th, recently, there have been continuous reports from Tesla owners in South Korea that the battery management system of some models has malfunctioned, resulting in the maximum charge capacity of the car being limited to about 50%, seriously affecting the normal use of the vehicle. Teslas passive response has caused strong dissatisfaction among consumers. It is reported that Teslas car registrations in South Korea increased from 15,000 in 2020 to 112,000 in the first half of this year. The Ministry of Land, Infrastructure and Transport of South Korea has launched an investigation and stated that once defects are confirmed, it will order a mandatory recall. At the same time, South Korea asked Tesla to submit a rectification plan last month, but has not received a response so far. A person related to the South Korean Ministry of Environment said that they are considering canceling Teslas electric vehicle subsidy eligibility.On October 18th, Afghanistans Dawn News website reported, citing Afghan security sources, that Pakistan launched an airstrike in Paktika, Afghanistans eastern border province, on the evening of the 17th, killing at least 17 civilians, including three cricket players. The report said the attack occurred around 8:30 PM local time, when a Pakistani fighter jet struck a residential building. Sources said another 16 people were injured, including women and children. Afghan government spokesman Zabiullah Mujahid announced in a statement on social media on the 18th that Defense Minister Yaqoob had led a senior government delegation to Doha, Qatar. Earlier, local media reported that a delegation composed of senior security and intelligence officials from Afghanistan and Pakistan would hold talks in Doha to discuss extending the ceasefire and other issues.Afghan government spokesman: Afghanistan and Pakistan will hold talks in Doha, Qatar, after fierce exchanges of fire broke out between the two sides.On October 18, Japans ruling Liberal Democratic Party and the largest opposition Constitutional Democratic Party held talks on the morning of the 17th and reached an agreement on holding a prime ministerial nomination election on the 21st. The two sides also agreed on the duration of the extraordinary Diet session, which will run from October 21st to December 17th.

Celsius crypto lender, now bankrupt, sues ex-money manager over alleged theft

Jimmy Khan

Aug 24, 2022 15:25

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Before the cryptocurrency lender went bankrupt last month, Celsius Network LLC, according to a lawsuit filed on Tuesday by the company against a former investment manager, lost or stole assets worth tens of millions of dollars.


After Stone misrepresented himself as a pioneer in the industry, Celsius filed a case in Manhattan bankruptcy court accusing Stone and his business KeyFi Inc of "gross carelessness" and "extraordinarily poor" crypto investment.


Stone was "unable" to use cryptocurrencies profitably, according to Celsius, leading to losses of "several tens of millions of dollars."


He allegedly used stolen money to purchase hundreds of non-fungible tokens ("NFTs"), which he kept out of sight, and then hid his activities by using Tornado Cash, a cryptocurrency "mixer" that the U.S. Treasury Department banned on August 8 due to concerns that it could be used to launder the proceeds of cybercrime.


Six weeks after KeyFi sued Celsius in a Manhattan-based New York state court, the current case was filed on Tuesday.


It alleged that Celsius operated a Ponzi scheme, improperly handled client deposits, neglected to hedge investments, and defrauded Stone of possible compensation worth hundreds of millions of dollars.


According to court documents, Stone worked with Celsius for roughly seven months, concluding in March 2021.


Stone's attorney Kyle Roche said via email that Celsius CEO Alex Mashinsky had approved KeyFi's remuneration, which included NFTs.


The most recent filing by Celsius, according to Roche, "is an effort to rewrite history and make KeyFi and Mr. Stone the scapegoat for their organizational failure."


Each party feels the other is owed money, and both lawsuits aim to recover it as well as compensatory and punitive damages.


After halting withdrawals and transfers for its 1.7 million clients because to "extreme" market circumstances on July 13, Celsius, located in Hoboken, New Jersey, filed for Chapter 11 protection from creditors.


The cases are KeyFi Inc. v. Celsius Network Ltd. et al., New York State Supreme Court, New York County, No. 652367/2022; and Celsius Network Ltd. et al. v. Stone et al., U.S. Bankruptcy Court, Southern District of New York, No. 22-ap-01139.

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