What happens if Celsius goes bankrupt?

Celsius's bankruptcy plan would return some crypto deposits to retail customers and hand control of remaining business lines - including bitcoin mining and staking - to the Fahrenheit Group, a consortium that includes blockchain-based venture capital firm Arrington Capital.

Does Celsius Network need a bankruptcy examiner?

(Reuters) - Crypto lender Celsius Network has agreed to the U.S. Department of Justice's demand for an independent examiner to review its finances and operations in bankruptcy, after reaching a deal that limited the proposed scope of the investigation.

Could a bankruptcy give Celsius a monopoly over coins?

That’s because many users shifted their holdings from interest-bearing accounts into custody arrangements shortly before the bankruptcy, which may allow Celsius to assert ownership over the coins, a lawyer for Celsius told US Bankruptcy Judge Martin Glenn in a Thursday hearing.

Could a DOJ bankruptcy examiner help dispel 'distrust' around Celsius's bankruptcy?

The U.S. Trustee, the DOJ's bankruptcy watchdog, had argued that an examiner could provide an impartial review of Celsius' actions and finances, helping to dispel "widespread confusion" and "distrust" that has surrounded the crypto lender's bankruptcy. State securities regulators from Texas, Vermont and Wisconsin supported the DOJ's request.