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
Throughout the latter half of 2022, filing for bankruptcy became a reality for many high-profile crypto firms. However, on June 12, 2022, Celsius issued a memo informing its customers of its decision to pause withdrawals from the platform due to “extreme market conditions.”
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