Publications

Celsius Bankruptcy Case: January 13, 2022

Co-Author, Polsinelli BitBlog

In our latest Bitblog update regarding the Celsius Network LLC, et al. (the “Debtors”) bankruptcy proceeding (Case No. Number: 22-10964 (MG), in the Bankruptcy Court for the Southern District of New York (the “Court”)),  we discuss the recent Court decision (i) confirming that the cryptocurrency assets held in Debtors’“ Earn Accounts” are property of the Debtors and (ii) permitting the Debtors to sell $18 million of stable coins, some of which were deposited by Earn Account holders.