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.

Why did Celsius go bankrupt?

Bankruptcy? Celsius blames theunusually severe market environment for the suspension of withdrawals, trades, and swaps. As per the platform’s Terms of Use, customer assets may not be recovered in the case of bankruptcy. The news sent crypto prices tumbling, which eroded investor optimism even more.

Is Celsius Network looking for a new buyer?

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights March 8 (Reuters) - Bankrupt crypto lender Celsius Network on Wednesday revealed that it was speaking to another potential buyer and will seek additional bids, despite having an offer in hand from asset manager NovaWulf Digital Management.

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.