Celsius Suing to Recover Funds Unfairly Withdrawn Before Bankruptcy
CryptoNewsTerminal Staff02 Jul, 2024
Celsius Suing to Recover Funds Unfairly Withdrawn Before Bankruptcy
Celsius Legal Action Aims to Recover Pre-Bankruptcy Withdrawals Amidst ongoing Chapter 11 bankruptcy proceedings, Celsius's legal representation has initiated a lawsuit in a US Bankruptcy Court. The action targets the recovery of funds unfairly withdrawn from accounts prior to the bankruptcy filing. Celsius's legal team alleges that certain individuals exploited loopholes to withdraw funds, leaving creditors and account holders at a disadvantage. The lawsuit aims to reclaim these withdrawals, ensuring a fairer distribution of assets during the bankruptcy process. The outcome of this legal action remains uncertain, but it underscores the complex legal battles surrounding Celsius's bankruptcy. As proceedings continue, updates on the lawsuit and its impact on creditors and account holders will be closely monitored.
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