SEC Skeptical of Coinbase’s Role in Crypto Lending Firm Celsius’ Bankruptcy Process
The U.S. Securities and Exchange Commission (SEC) is opposed to Coinbase’s current involvement in Celsius’ bankruptcy plan. Celsius, a crypto lender, originally filed for bankruptcy in July 2022 after its native asset plummeted by over 99% and it was unable to fulfill customer withdrawals. The bankrupt lender’s most recent Chapter 11 plan entails using Coinbase as an...