Cryptocurrencies

Celsius Bankruptcy Filing Shows Long Reach of FTX's Sam Bankman-Fried

Pharos is listed as biggest creditor with $81 million claim
Lantern CEO Mac Aulay said she co-founded Alameda Research

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By Emily Nicolle, Anna Irrera, and Donal Griffin

July 14, 2022 at 3:28 PM UTC

Updated on

July 14, 2022 at 5:10 PM UTC

This article is for subscribers only.

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.

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: admin@lanternventures.com.