A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache

A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew of securities regulators filed on Sept. 29.

On Sept. 15, the embattled cryptocurrency lending firm Celsius filed a motion with the bankruptcy court to get permission to sell $23 million in stablecoins. The court filing attempting to gain access to the stablecoin stash followed a leaked all-hands meeting recording that indicated Celsius wanted to attempt a revival plan. Then, two weeks after the Sept. 15 court request for the stablecoins, state securities officials from Vermont and Texas filed motions that object to Celsius acquiring the stablecoin stash.https://news.bitcoin.com/a-committee-of-celsius-creditors-objects-to-celsius-selling-its-stablecoin-cache/

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