Celsius litigation administrator commences litigation against non-settling account holders to recover full value of transfers made during the preference period

New york--(business wire)--on july 1, 2024, the celsius litigation administrator (the “litigation administrator”) began filing complaints in the united states bankruptcy court for the southern district of new york against celsius account holders with more than $100,000 of withdrawal preference exposure (“wpe”) who have failed to settle their preference liability. the litigation administrator is pursuing the return of preferential transfers (i.e., transfers made in the 90 days prior to the date.
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