Celsius asked the bankruptcy court for authority to sell stablecoins in 2022

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Archive note: This article concerns a request made during the Celsius bankruptcy case in September 2022.

Celsius sought court authority to sell certain stablecoin holdings to fund operations in its Chapter 11 proceedings. A motion is a request to the court; it is not the same as an order granting permission or proof that a sale was completed.

The bankruptcy record included objections and procedural steps concerning ownership, use of proceeds and customer interests. Outcomes in this case depend on court orders and account terms and should not be generalised to every platform.

Case material: Celsius bankruptcy filing discussing the proposed stablecoin sale.

This historical legal summary is not legal or investment advice.

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