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Bankruptcy Court Issues Ruling on Ownership of Celsius Account Assets

PBWT

Celsius Network LLC and its affiliates (“the Debtors”) provided certain financial services involving cryptocurrency, including offering deposit accounts for cryptocurrency assets (“Earn Accounts”). In re Celsius Network LLC , Case No. 22-10964 (MG), 2023 Bankr. LEXIS 2 (Bankr.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 1, the OCC issued a bulletin to inform banks about policy guidance that applies to commercial loans to early, expansion, and late-stage companies. Before making any loan, bank management should identify the purpose of the loan and the source of repayment. For more information, click here. On November 1, the U.S.