All of this will raise questions about whether the executives knew Celsius was in financial jeopardy at the time of these transactions 👀
Meanwhile, there are fears that hundreds of thousands of customers could end up at the back of the queue as they wait to get their deposits back.
On Thursday, a hearing is taking place as Celsius Network is seeking to open withdrawals for certain customers — but the plans have attracted staunch resistance from the U.S. Department of Justice.
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Objections Raised as Celsius Network Tries to Open Withdrawals for Some Customers | CoinMarketCapThe bankrupt company is accused of attempting to 'impulsively' distribute funds to one group of creditors — before there's a full understanding of how much crypto Celsius holds.
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