Elena
Tue Aug 06 2024
|
6 answers
1251
Can a cryptocurrency exchange be a debtor under Chapter 11?
Could you elaborate on the possibility of a cryptocurrency exchange being classified as a debtor under Chapter 11 of the United States Bankruptcy Code? Is there any precedent or case law that supports or contradicts this notion? How would the unique nature of cryptocurrency transactions and assets impact the bankruptcy process if such an exchange were to file for Chapter 11 protection? Additionally, what challenges might arise in valuing and liquidating cryptocurrency assets in a Chapter 11 proceeding?
