If you are familiar with crypto news, you might heard about Celsius. Today we will talk about whether Celsius is under investigation due to bankruptcy and Celsius customers will get money back. Let’s find out by reading the article below.
Is Celsius under investigation due to bankruptcy?
Bankrupt cryptocurrency lender Celsius Network is facing a U.S. federal “investigation,” according to a document filed by lawyers for its committee of unsecured creditors. “The number and scope of investigations of debtors by government entities is extraordinary: Celsius is apparently subject to enforcement proceedings or investigations in at least 40 states, in addition to investigations or inquiries involving the federal government,” the attorneys said in a Tuesday filing.
Will Celsius customers get money back?
Some Celsius Network customers would get their money back after a US judge orders the failed lender to return some of the digital assets it currently holds.
I hope this article will help you to learn whether Celsius is under investigation due to bankruptcy and Celsius customers will get money back. In the U.S. Bankruptcy Court for the Southern District of New York, the judgment gave Celsius users ownership of $4.2 billion in cryptocurrencies deposited into its high-interest Earn program.
