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Real-time News
US-Israel-Iran Conflict: ① Iran 1. Iran urges neighboring countries hosting US troops to clarify their positions. 2. Irans Islamic Revolutionary Guard Corps claims to have attacked US military bases in Abu Dhabi. 3. Media reports indicate that the Iranian Foreign Minister recently communicated with Witkov via text message; the Iranian Foreign Minister denies this. 4. According to Irans Tasnim News Agency: Saudi Arabias Prince Sultan Air Base has once again become a target of attack. 5. Irans Supreme National Security Council Secretary Larijani calls on Islamic countries to consider taking sides. 6. Hatem Anbia Central Command Spokesperson: US soldiers deliberately set fire to the USS Gerald R. Ford out of fear. 7. Iranian Foreign Ministry Spokesperson: With the coordination and permission of the Iranian military, ships from parties not involved in the war have passed through the Strait of Hormuz. 8. Iranian Foreign Minister Araghchi: Iran and the US have not exchanged any information. Tehran has not requested a ceasefire; "the war must end in a way that ensures it will not be repeated." 9. Sources say Iran has demanded India release three oil tankers seized in February as part of negotiations on the safe passage of Indian ships through the Strait of Hormuz. 10. Irans Supreme Leader Mojtaba appointed former Revolutionary Guard commander Mohsen Rezaei as a military advisor. 11. Iranian Foreign Minister Araqchi: Airstrikes launched by Israel and the United States have killed hundreds of Iranian civilians. Reports indicate that some neighboring countries hosting US troops and allowing them to attack Iran are also actively encouraging this massacre. The positions of all parties should be clarified as soon as possible. ②US 1. The US Embassys Diplomatic Support Center in Iraq was attacked. 2. The US claims its actions against Iraq resulted in 13 US soldiers killed and 200 wounded. 3. The US confirmed that two minesweepers stationed in the Gulf have arrived in Malaysia. 4. US officials responded to the Iranian Foreign Ministers denial of recent contact with the US: He is lying. 5. Trump advisor: Irans "terror premium" has caused oil prices to rise for decades. 6. US Treasury Secretary Bessenter: The Gulf oil deficit is approximately 10 to 14 million barrels per day. There are currently about 140 million barrels of Iranian crude oil at sea. The US "approves" of some ships passing through the Strait of Hormuz. Oil prices may be "well below" $80 within months. 7. Trump—①Oil prices will plummet like a falling rock once the Iran war ends. ②Trump admits Iranian retaliation is beyond expectations. ③Israel will not use nuclear weapons. ④Indicates an attack on Kharg Island oil facilities. ⑤Iran wants a deal; they are talking to our people. ⑥It is unclear whether any mines have been laid in the Strait of Hormuz. ⑦Warns NATO: Failure to assist in navigation through the strait will face a "bad" future. ⑧Gives another vague timeline for ending the war: soon, but not this week. ⑨Iran used AI to create images of a US aircraft carrier on fire. Fake news media should be prosecuted for treason. ③Israel 1. The Israeli military claims to have attacked an Iranian intelligence command center. 2. Central Israel was hit by Iranian missiles, with interceptor debris falling near the Prime Ministers office. 3. Israel Defense Forces: Launched a series of large-scale attacks on Iranian infrastructure in Tehran. Only a small area on Hargarh Island remains intact. Destroyed facilities used by the Iranian regime to develop space-based satellite attack capabilities. ④ Other 1. EU Foreign Minister: The Middle East conflict "is not Europes war." 2. South Africa rejects US pressure: Will not distance itself from Iran due to pressure. 3. German Chancellor Merz: Will not participate in security work in the Strait of Hormuz. 4. British Prime Minister Starmer: We will not be drawn into a broader war with Iran. 5. Australia stated on Monday that it will not send naval vessels to assist in reopening the Strait of Hormuz. 6. Media: Saudi Crown Prince advises Trump to continue striking Iran. 7. Ship tracking data: An oil tanker departed the Strait of Hormuz, heading to Pakistan. 8. Indian Ministry of External Affairs spokesperson: India and the US did not hold bilateral talks on Indias assistance in the passage of ships through the Strait of Hormuz. 9. Indian government officials: India is in consultation with Iran regarding the safe passage of ships stranded in the Strait of Hormuz.March 17 - Following Iranian Foreign Minister Araghchis denial of recent contact with US Special Envoy Witkov, an AXIOS reporter quoted US officials as saying that Araghchi was lying.South Koreas Ministry of Foreign Affairs: U.S. Secretary of State Marco Rubio stated that cooperation among countries is more important than ever for the global economy and for stabilizing oil prices.On March 17th, US President Trump told reporters at the White House on the afternoon of March 16th (Eastern Time) that "the pipelines on Irans Kharg Island will eventually break down"—hinting at a possible US military attack on the oil infrastructure on this crucial island for Iranian oil exports. Earlier, an Iranian armed forces spokesperson warned that if the US were to launch any aggression or attack on Kharg Island and its oil facilities, Irans response would be decisive and forceful—in which case, the oil and gas facilities of any country that launches an attack on Kharg Island would become strong targets for Iranian strikes.March 17th - Iranian Foreign Minister Araqchi stated: "My last contact with US Special Envoy Witkov was before the US decided to end diplomatic efforts by launching another illegal military attack on Iran. Any claim to the contrary seems merely to mislead oil traders and the public." Previously, US media, citing US officials and sources, reported that direct communication channels between Witkov and Araqchi had recently been reopened.

Lawsuit accuses troubled crypto lender Celsius Network of fraud

Skylar Shaw

Jul 08, 2022 14:54

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On Thursday, a former investment manager at Celsius Network filed a lawsuit against the cryptocurrency lender, alleging that it had frozen client funds and had rigged the price of its own cryptocurrency token using user contributions.


According to the lawsuit, Celsius engaged in "gross mishandling of client deposits" in order to enrich itself and deceived plaintiff KeyFi Inc, controlled by former manager Jason Stone, into delivering services worth millions of dollars while refusing to pay for them.


The complaint was filed in Manhattan's New York state court and demands both specific compensation and punitive damages; Celsius has not yet responded.


Stone's charges come after Celsius decided on June 12 to halt transfers and withdrawals for its 1.7 million clients due to "extreme" market circumstances.


Later, the Hoboken, New Jersey-based business recruited consultants to discuss a potential debt restructure that would include declaring bankruptcy.


While the cryptocurrency hedge fund went into liquidation late last month, the crypto lender Voyager Digital Ltd filed for bankruptcy protection this week.


Celsius guaranteed retail consumers disproportionate returns, up to 19% yearly.


However, Stone said that Celsius had trouble paying investors because it neglected to hedge its bets, leading to "severe" losses when the value of several currencies changed.


He also claimed that Celsius had a $100 million to $200 million hole in its records that it "could not completely explain or rectify" because certain deposits were recorded on a U.S. dollar basis even though clients were paid in bitcoin or other digital currencies.


The case filed on Thursday claims that Stone produced $838 million in profit for Celsius and KeyFi before expenses and overhead from August 2020 to March 2021 while mostly operating without a formal agreement, with KeyFi being entitled to 20% of net profit.


When it became apparent that the hedging difficulties "may be financially ruinous" for Celsius and harm KeyFi's image, Stone claims he ended the connection in March 2021. However, Stone claims that Celsius has refused to accept his resignation.


KeyFi Inc. v. Celsius Network Ltd. et al., New York State Supreme Court, New York County, is the name of the case.