Cloudflare can’t shake a lawsuit from people tasked with recovering money for Celsius Network debtors, after a federal bankruptcy judge denied the internet company’s motion to dismiss.
The debtors said Cloudflare failed to timely resolve a vulnerability that led to a cyberattack on BadgerDAO’s systems starting in November 2021 that cost the distressed cryptocurrency lender Celsius more than $50 million in assets, according to the unpublished order from the US Bankruptcy Court for the Southern District of New York.
The Celsius debtors sufficiently stated in their complaint that Cloudflare took responsibility for protecting BadgerDAO, and that their alleged negligence was ...
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