Credit Chronometer reposted this
Chair of Bankruptcy, Creditors' Rights + Finance Practice Group at Davis+Gilbert / Author of Credit Chronometer
This July marks two years since the bankruptcy filings of Voyager and Celsius, signaling the deadline for the debtors to commence clawback actions to recover pre-bankruptcy transfers. As predicted in a recent Credit Chronometer blog post, thousands of actions have been filed against customers and investors in recent days. If you have questions about crypto clawbacks, my partner Massimo Giugliano and I discussed the uncertainty of how bankruptcy law applies to digital assets such as crypto, the open issues to be determined by the courts, and the ability for defendants in crypto clawbacks to mount a strong defense. Read the blog here: https://lnkd.in/dYxCMS5k For more information on crypto clawbacks, read our 2023 Reuters/Westlaw article: https://lnkd.in/d-9Mv3CX Reach out if you would like to learn more or discuss. #cryptocurrency #bankruptcylaw