Celsius' latest bankruptcy court hearing sets stage for future decisions

From theblock.co

The latest hearing in lender Celsius' Chapter 11 bankruptcy case is setting the stage for future key decisions, but little tangible action was accomplished on key issues today. The hearing came just hours after Celsius' counsel filed a motion in the U.S. Bankruptcy Court for the Southern District of New York requesting the authority to open withdrawals for specific custody and withhold accounts. That request won't be settled until an Oct. 6 hearing, but various parties still gave feedback for a significant portion of the three-hour hearing. The motion indicates that Celsius has discerned that the funds are not part ... (full story)