Not Your Keys, Not Your Coin: Bankruptcy Court Looks to Contract Law to Determine Consumer Interest-Bearing Crypto Deposits Belong to Celsius’ Bankruptcy Estate
Troutman Sanders
JANUARY 18, 2023
Indeed, in November 2021, the total cryptocurrency market capitalization reached an all-time high of approximately $3 trillion. Then, on July 13, 2022, Celsius filed voluntary petitions for relief under Chapter 11 of the bankruptcy code. That figure has decreased substantially, and today hovers around $850 billion — a 70% drawdown.
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