Who is Celsius's biggest creditor?

Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81.1M, is obscure fund Pharos, which has staff with links to Sam Bankman-Fried — Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP.

Does Bankman-fried have a connection to Celsius?

Now, it has emerged that Bankman-Fried has an unexpectedly deep connection to the troubled crypto savings platform Celsius, which filed for bankruptcy on Wednesday. That connection comes in the form of Alameda Research, Bankman-Fried’s trading firm, which is owed $12.7 million as Celsius’s 13th largest creditor.

How much does Celsius owe Pharos?

Celsius’s Chapter 11 filing shows that it owes Pharos $81 million, a claim twice as large as that of the second-biggest creditor. The document lists a Cayman Islands address for Pharos, along with an email: [email protected].

Who is Bankman-fried?

Bankman-Fried has emerged as a central player in the recent crypto market tumult, showing up as a major borrower and creditor in this month’s bankruptcy of cryptocurrency lender Voyager Digtal Ltd. His crypto exchange, FTX US, is injecting capital into BlockFi Inc., another distressed crypto lender, and has an option to acquire it.