FTC wades in on Celsius’ bankruptcy case

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Updated September 21, 2022 | Published September 14, 2022

2 mins read

The Federal Trade Commission (FTC) has set its sights on Celsius Network’s bankruptcy case.

Yesterday, the FTC filed to join the bankruptcy proceedings of the insolvent crypto lender.

FTC attorneys Katherine Aizpuru and Katherine Johnson asked the judge administrating the Celsius’ proceeding to represent the commission in the case, according to court documents.

The application to “represent the Federal Trade Commission in the above-referenced jointly administered cases and any related adversary proceedings”, was made by Johnson, on the report of court filings.

An additional enquiry was made to obtain a copy of all relevant documents associated with the case. However, the court did not honour the FTC lawyers’ requests as it was made outside of time.

This is not the first bankruptcy proceeding the FTC has had its eyes on. The consumer protection agency sought protection in 2014 for students’ personal information in a bankruptcy proceeding for educational technology company ConnectEdu.

And, in 2015, the commission asked the bankruptcy court to protect the personal information of consumers of electronics retailer RadioShack.

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Isabella Aslam

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

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