
Celsius Network's co-founder, facing criminal indictment, is the subject of a new lawsuit that could benefit certain crypto customers. These customers are poised to receive payouts that exceed what creditors typically recover in corporate bankruptcies. Meanwhile, the fintech sector is grappling with a bankruptcy crisis that has left approximately $150 million of customer funds inaccessible. In related news, the U.S. government is working to recover $2.5 million in cryptocurrency lost to fraudulent schemes known as pig butchering. Additionally, BlockFi, a defunct cryptocurrency lending platform, is preparing to initiate repayments to its creditors starting July, nearly 19 months after its bankruptcy filing. Lastly, a distressed crypto investor has been ordered to return $1.9 million that was taken from a failed company.
Distressed crypto investor ordered to repay $1.9mn taken from failed company https://t.co/iO68Y3V24e
Defunct cryptocurrency lending platform BlockFi is set to start repaying its creditors in July, 19 months after filing for bankruptcy https://t.co/rem9SC0HcB
US moves to recover $2.5 million worth of crypto lost to pig butchering schemes https://t.co/sb2Wgn9aU5


