What Happens When a Cryptocurrency Platform Goes Bankrupt?
The recent Chapter 11 filings of cryptocurrency platforms Voyager Digital and Celsius Network have abruptly introduced many investors and founders in this burgeoning industry to the bankruptcy process for the first time. Jeffrey Cohen and Andrew Behlmann explain how to protect your rights through an unsecured creditors’ committee, what causes of action might be available, and whether a sale or a reorganization will bring the most value.