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FTC Moves to Join Crypto Lender Celsius’ Bankruptcy Case
The Federal Trade Commission also requested a copy of all relevant documents.
Updated May 11, 2023, 5:22 p.m. Published Sep 13, 2022, 8:28 p.m. 1 min read
The Federal Trade Commission wants to get involved with failed crypto lender Celsius Network’s bankruptcy case.
On Tuesday, two lawyers with the business regulator, Katherine Johnson and Katherine Aizpuru, asked the judge overseeing Celsius’ proceedings for permission to represent the FTC. She also requested a copy of all relevant documents. The requests had not been granted by press time.
The FTC declined to comment.
The short-on-specifics filings don’t shed any light on FTC’s intent in the Celsius case.
The regulator has joined previous bankruptcy cases however. In 2015 the agency made a motion tied to RadioShack’s bankruptcy proceedings to limit how much customer information – such as names and purchase histories – could be shared or sold.
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Zhu allegedly directed staff to publish false claims that Hodlnaut had no direct exposure to the TerraUSD collapse on Telegram and in customer emails.
Cosa sapere:
- Singapore charged former Hodlnaut CEO Zhu Juntao with six fraud offenses for misleading customers about the firm's TerraUSD exposure in 2022.
- Zhu allegedly directed staff to publish false claims that Hodlnaut had no direct exposure to the TerraUSD collapse on Telegram and in customer emails.
- Hodlnaut lost an estimated $189.7M...
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