Celsius Network, a bankrupt cryptocurrency lender, told the court on Tuesday that it was owed $12 million from Alameda Research, the trading arm of Sam Bankman-Fried’s crypto empire. That money, which is represented in locked SRM tokens held as collateral, is now likely to be entangled in Alameda’s own bankruptcy proceedings, adding another stumbling block for Celsius’ creditors. After a bank run exposed a multibillion-dollar hole in FTX’s reserves, it and some 130 other entities linked to Bankman-Fried filed for chapter 11 bankruptcy protection last week.
