U.S. Judge Asks Independent Examiner to Produce Interim Report About Celsius

The independent examiner in Celsius's bankruptcy will need to produce an interim report detailing Celsius’ financial management and handling of customer accounts, U.S. bankruptcy Judge Martin Glenn ruled Friday during a court hearing. The interim report, expected to be filed in mid-November, will form part of the process to determine who owns the crypto assets held in Custody and Withhold accounts, and under what circumstances Custody and Withhold account holders may access their holdings, according to the ruling. The report may also affect decisions about potential preference claims and transaction clawbacks.