Celsius Case Experts Yet to Understand Cryptos Ruling Under US Bankruptcy Code

Celsius Network’s repayment options to creditors suggest either accepting “cash at a discount” or remaining long-term crypto holders, but this is yet to be decided as the crypto lender’s bankruptcy case carries on.

Celsius filed for court protection against bankruptcy last week. The crypto lender’s case involves billions of dollars of customers’ assets tied with the platform; however, experts are yet to find a solution as they are puzzled about how cryptocurrencies should be treated under the US bankruptcy code.
According to Bloomberg, Celsius customers will be represented by an official voice from a committee of creditors in the case …

Be the first to comment

Leave a Reply

Your email address will not be published.