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Crypto Gets a Visit From the Behemoth of Bankruptcy Law

  • Kirkland & Ellis to lead first-of-its-kind crypto insolvencies
  • World’s biggest law firm is reputed for bankruptcy counseling
Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection this month.

Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection this month.

Photographer: Gabby Jones/Bloomberg
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It didn’t take long for Kirkland & Ellis to stake its claim to the cascade of legal work sure to flow from crypto’s worsening collapse. 

The white-shoe law firm is guiding both Voyager Digital Ltd. and Celsius Network LLC through first-of-its-kind bankruptcies. The crypto lenders filed for Chapter 11 protection this month amid a plunge in the value of the digital tokens and a selloff across the broader market.