Celsius Network Customers Seek to Overthrow Ionic Digital’s Board

A group of Celsius Network customers has launched an effort to oust the board of Ionic Digital, a Bitcoin mining company spun off from the now-bankrupt Celsius. Led by shareholder Veton Vejseli, the campaign aims to call a shareholder meeting to address allegations that the current board has breached its fiduciary duties by freezing the trading of Ionic’s shares.

The controversy stems from Ionic’s role in compensating Celsius customers for their losses during the company’s bankruptcy. As the only crypto firm to offer shares in a new business to its customers, Celsius’ actions have been closely watched by both investors and regulators. The outcome of this campaign could significantly impact the future direction of Ionic Digital and its mining operations.

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