Bankrupt Celsius’ Bitcoin Sales Need More Transparency, DOJ Says (1)

Bankrupt crypto lender Celsius Network LLC is facing the Justice Department’s opposition to a bid to sell its mined bitcoin and other small assets.

Celsius needs to provide more disclosure before the sales can take place, the US Trustee, the DOJ’s bankruptcy watchdog said in a court filing Tuesday.

"[T]he Debtors have failed to provide the necessary transparency into its business activities or its crypto holdings for any party to determine if these proposed actions are even in the ordinary course let alone for the benefit of the bankruptcy estate,” the US Trustee said in a filing in the US ...