A federal judge has granted a motion for the U.S. Trustee's office to appoint an independent examiner to investigate crypto lender Celsius Network’s financial management that led the firm to file for bankruptcy earlier this summer.
U.S. bankruptcy Judge Martin Glenn ruled on Wednesday that the scope of the independent examiner would include an examination of several areas, including Celsius' crypto holdings, why there was a change in account offerings from the Earn Program to the Custody Service for some customers while others were placed in a “Withhold Account,” Celsius' procedures for paying various taxes and the current status of the utility obligations of Celsius’ mining business.
Celsius has laid out a proposal by which a still-being-built mining enterprise will allow it to generate enough revenue to continue operating.
Last week, Celsius and a group of its creditors agreed that an independent government examiner should investigate the firm as it moves through its bankruptcy...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...