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Celsius Judge Approves Independent Probe of Bankrupt Crypto Lender’s Holdings

  • Examiner will look into how and where Celsius stores crypto
  • Creditors already working on wide-ranging company probe
Celsius Network

Photographer: Silas Stein/picture alliance/Getty Images

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An independent examiner will probe the digital asset holdings of Celsius Network LLC, a further sign of the intense scrutiny the crypto lender is facing in bankruptcy. 

US Bankruptcy Judge Martin Glenn in a hearing Wednesday signed off on a request to appoint an examiner in the case. The move originated with an arm of the Justice Department that oversees bankruptcy court, which has repeatedly called for heightened transparency during the insolvency proceedings.