Just spotted a tweet from an influencer getting hit with a lawsuit from Celsius for withdrawing a hefty sum before their bankruptcy declaration. It’s one of those “preference liability” claims, aiming to reel in funds taken out by the fast movers in the days leading up to their financial crash. The kicker? They’re offering a settlement to close the deal at a discount…. seems kind of scammy from Celsius?
The tweet: https://twitter.com/Zata_Zu/status/1770502728738857005
Legal jargon is as clear as mud, and international laws on crypto are as consistent as Bitcoin’s price on a bad day.
The gist of the claim is about ‘fairness’—Celsius says that late withdrawals (before they went bankrupt, mind you) left less in the pot for everyone else. They’re using the old bankruptcy rulebook to try and balance the books, but when it comes to overseas account holders, things get murky.
Do international waters protect you from US bankruptcy law? Should you pay up, negotiate, or wait it out? While I’m no lawyer, and this isn’t legal advice, it’s a tough call without some legit counsel, especially when different countries have their own take on cryptocurrency regulations.
Let’s talk about the implications?
submitted by /u/pratimacrt
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