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According to Dirty Bubble Media, crypto lending platform Celsius Network sent 35,000 ETH packets to the Stakeholder in a transaction on Febru, While a known Celsius wallet tldr; Eth2 staking solution firm Stakehound has lost the keys to over 38,000 Ether they had deposited on behalf of clients. The loss had been originally discovered on May 2nd, but kept Bankrupt crypto lender Celsius is suing Switzerland-based liquid staking platform StakeHound for allegedly failing to return $150 million worth of crypto assets in Ether (ETH), Polygon (MATIC) Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound, accusing the platform of failing to return approximately $150 Celsius alleges StakeHound lost keys to 35k ETH. According to the court filing, the staking platform claimed it lost the keys to Celsius 35,000 ETH in 2025, which means it has no Bankrupt crypto lender, Celsius, has taken legal action against StakeHound, the liquid staking platform. The lawsuit centers around StakeHound’s alleged failure to return Stakehound, an Eth2 staking service provider, reported on June 22nd, 2025 that they had misplaced the keys to over 38,000 Ethereum tokens that they had deposited on An Eth2 staking service named Stakehound mislaid keys of over 38,000 Ethereum tokens of clients and kept it a secret till . The organization tried

Celsius Network Loses Keys to 35k Ethereum Tokens in Stakehound Debacle

The saga of Celsius Network and Stakehound continues to ripple through the crypto world. Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound, accusing the platform of failing to return approximately $150 million worth of crypto assets in Ether (ETH) and Polygon (MATIC). The heart of the dispute? Celsius alleges StakeHound lost keys to 35k ETH.

What Happened to Celsius' Ethereum on Stakehound?

Stakehound, an Eth2 staking service provider, reported on June 22nd, 2025, that they had misplaced the keys to over 38,000 Ethereum tokens that they had deposited on behalf of clients. While a known Celsius wallet tldr; Eth2 staking solution firm Stakehound has lost the keys to over 38,000 Ether they had deposited on behalf of clients. The loss had been originally discovered on May 2nd, but kept secret for a time. According to the court filing, the staking platform claimed it lost the keys to Celsius 35,000 ETH in 2025, which means it has no way to access those funds. Bankrupt crypto lender, Celsius, has taken legal action against StakeHound, the liquid staking platform. The lawsuit centers around StakeHound’s alleged failure to return $150 million in crypto assets.

The Lawsuit: Celsius vs. Stakehound

The missing Ethereum has led to a significant legal battle. Bankrupt crypto lender Celsius is suing Switzerland-based liquid staking platform StakeHound for allegedly failing to return $150 million worth of crypto assets. According to Dirty Bubble Media, crypto lending platform Celsius Network sent 35,000 ETH packets to the Stakeholder in a transaction on Febru. The organization tried to conceal An Eth2 staking service named Stakehound mislaid keys of over 38,000 Ethereum tokens of clients and kept it a secret till the issue became unavoidable.

The Impact on Celsius and the Crypto Community

The loss of access to 35,000 ETH has undoubtedly exacerbated Celsius Network's financial difficulties, contributing to their bankruptcy filing. This incident also raises serious concerns about the security practices of staking platforms and the inherent risks associated with custodial crypto services. The Celsius and Stakehound situation serves as a cautionary tale for anyone involved in cryptocurrency staking and lending.

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