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Celsius Network said in a hearing the firm will give back a small portion of funds customers deposited into “custody” accounts held on its platform. Celsius to return $48 million of customer ...
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Celsius had argued that the customer list had resale value and should therefore be kept secret. The CelsiusNetworth website was created based on court documents that are in the public record. [ 61 ] According to CelsiusNetworth, the top three names lost $40.5 million, $38.2 million, and $26.4 million, respectively.
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Celsius Holdings faced a lawsuit in 2021 with Tramar Lacel Dillard (Flo Rida) for a breach of contract when the company allegedly withheld details about revenue. [ 20 ] [ 21 ] Flo Rida was a contracted brand ambassador from 2014 to 2018 which brought Celsius to concerts and events to help expand the brand. [ 21 ]
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Robert Cominos, a Celsius customer of about one year who “transferred about $250,000” onto its platform, claims in his letter that interviews give by the company’s co-founder and CEO, ...