Celsius co-founder announced in court documents that his equity is "worthless."

Chain Catcher news, recently a document submitted to the U.S. bankruptcy court by Kirkland & Ellis law firm on behalf of Celsius co-founder Daniel Leon included a statement confirming his status as a major shareholder and announcing that his 32,600 shares of common stock are now considered worthless.

In mid-June this year, Celsius faced a liquidity crisis and announced a suspension of withdrawals. A month later, the company initiated bankruptcy proceedings. (cointelegraph)