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Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits

From coindesk.com

The bankruptcy case of cryptocurrency lender Celsius Network is entering a new phase where shareholders will be pitted against the firm's beleaguered customers, with customers seemingly facing a major disadvantage as the company parcels out its assets in an auction. A recent motion to appoint a preferred equity committee seeks to put shareholders at the front of the queue when it comes to the sale of the custody firm GK8 that Celsius owns and Celsius' mining operations. (Celsius' assets are due to be auctioned off later this month.) A point of interest will likely be changes made to Celsius’ corporate structure in ... (full story)

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  • Category: Fundamental Analysis