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February 23 – The Iranian Foreign Ministry stated that its foreign minister and Iraqi foreign minister held a telephone conversation on Sunday evening. During the call, they reviewed and discussed the latest regional and international situation. The Iranian foreign minister briefed Iraq on the progress of the Iran-US nuclear negotiations. The Iraqi foreign minister emphasized Iraqs support for the ongoing diplomatic process and expressed hope that the ongoing talks would yield favorable results for Iran and bring peace and stability to the region.On February 23, local time, European Parliament International Trade Committee Chairman Alain Lange announced via social media that he would propose a suspension of the European Parliaments ratification of the EU-US trade agreement due to the "chaos" caused by the US Supreme Courts ruling that the US governments massive tariff policies were illegal. Lange stated that clear stipulations and legal certainty are needed before any further measures can be taken, and he will formally propose on the 23rd that the European Parliament temporarily freeze the ratification process of the trade agreement with the US until a proper legal assessment and clear commitment from the US are obtained. The EU-US trade agreement was reached last July, with the US imposing a 15% tariff on EU goods imported into the US.Gaza Situation: 1. Israel says it will not provide funding to the so-called "Peace Committee." 2. Israeli Prime Minister Netanyahu: Plans to establish an alliance system in or within the Middle East. Iran Situation: 1. Iranian Foreign Minister refutes Trumps comments on the number of casualties in the Iranian unrest. 2. Iranian Foreign Minister: May meet with US envoy on the 26th, an agreement with the US is imminent. 3. Omans Foreign Minister says the next round of negotiations will be held in Geneva on the 26th. 4. US media: US and Iranian negotiators are expected to meet in Geneva on Thursday. 5. US media: Several people close to Trump advise against bombing Iran, Senator Graham opposes this. 6. US Presidential Envoy Witkov: Iran may be able to produce industrial-grade bombs "within about a week." 7. British media: Iran refuses to export its highly enriched uranium stockpile but is willing to dilute the enrichment level of the uranium. 8. Iranian media: If war breaks out, Jordan, the Trump familys economic interests in the Persian Gulf, including investments in the UAE, will be the main targets. 9. Iranian official: The negotiations covered nuclear commitments, US commitments to lift sanctions, and economic cooperation; the removal of Irans high-purity uranium stockpile was not discussed. Transferring mines and oil fields to the US is not considered. 10. Senior Iranian official: Iran and the US have disagreements on sanctions relief; the two sides plan indirect talks in early March, possibly reaching a provisional agreement first. 11. US media: Khamenei has completed wartime planning, designating four levels of successors for each military command and government position he appoints. 12. US media: Trump favors initial strikes against Iran in the coming days, with a larger-scale attack possible in the coming months. Other: 1. Pakistan launched airstrikes on multiple civilian areas in Afghanistans Nangarhar and Paktika provinces. 2. The Pakistani military claims to have killed more than 80 people in airstrikes along the Pakistan-Afghanistan border. February 23 – Pakistani military sources stated on the 22nd that airstrikes conducted by the Pakistani military on the night of the 21st along the Pakistan-Afghanistan border resulted in the deaths of over 80 terrorists. The Pakistani Ministry of Information and Broadcasting issued a statement on social media platforms early on the 22nd, saying that the Pakistani military launched airstrikes, precisely targeting seven terrorist camps and hideouts along the Pakistan-Afghanistan border. The statement said that Pakistan took this action in light of a series of recent suicide bombings in Pakistan.February 23 – The Iranian Foreign Ministry stated that Iranian Foreign Minister Araqchi spoke by phone with the Omani Foreign Minister on Sunday to discuss and exchange views on the latest developments in indirect negotiations between Iran and the United States. During the call, the two sides consulted on arrangements for holding the next round of nuclear talks.

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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