Celsius Network charts future, expecting customers to forget its past. The company has yet to settle up with customers whose assets have been frozen on the platform since June. Yet it appears to be targeting a fresh crop of crypto newbies.
Custody is the business of holding customers' digital assets for them and being on the hook for securing their private keys — as opposed to investors storing them in their own cold wallets far from the internet."Imagine, again, that if everyone had to manage their own keys," CEO Alex Mashinsky is heard saying in the recording. "It’s just not a sustainable proposition.
Per a plan proposed by Celsius, and agreed upon by the U.S. Trustee's office — a Department of Justice entity that monitors bankruptcies — the independent examiner will review the company's current crypto holdings, determine whether they were commingled and look into transferring customer assets to different account types starting in April 2022, among other things.to be included in proceedings. The regulator has previously joined proceedings that involve consumer information.The Oct.
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