Crypto Biz: Celsius, FTX feel investors’ wrath as lawsuits multiply
Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers.
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Celsius creditors have filed a proposal to sue Alex Mashinsky, while creditors of FTX are turning their attention to the exchange's venture backers.
The judge’s ruling does not require Celsius debtors to sell the Bitmain coupons, but they would need the consent of the committee of unsecured creditors.
A proposal by Celsius sees most creditors receive a one-time payment of crypto while those with a larger claim would receive equity in a new company.
“It is time to allow the Debtors’ customers to propose their own plan for the assets that they were defrauded into investing with Celsius,” said a Withhold account holders’ filing.
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Celsius bankruptcy report by court-appointed examiner Shoba Pillay either has a typo or a “mis-characterization,” Tether CTO stated.
Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data.
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