Crypto lender Celsius has filed a lawsuit against liquid staking platform StakeHound for allegedly failing to return over $150 million worth of tokens, including ETH, MATIC, and DOT. Celsius had entrusted StakeHound with these tokens in exchange for stTokens.

StakeHound filed an arbitration agreement against Celsius in Switzerland, arguing that it has no obligation to exchange the stTokens for other tokens. Celsius claims that this violates Section 362 of the US Bankruptcy Code, which stops most creditors from trying to collect debts or take legal action against a person or company that has filed for bankruptcy.