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Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits

CoinDesk LogoCoinDesk1 mo ago

Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits - CoinDesk

Quick Summary:

A change in the corporate structure of Celsius made when raising money last year may come under scrutiny as the bankrupt crypto lender tries to sell its assets.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period.

Another wrinkle in this case, and one that hasn't really been written about much, is the suggestion of a potential conflict of interest regarding White & Case, the law firm representing Celsius' creditors.


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Article Details

Author / Journalist: Ian Allison

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 19:08:35 (1 months ago)

News Timezone: GMT -5:00

Ranking: #1188 (out of 3206 stories this day)

News Source URL: coindesk.com

Language: English

Article Length: 1251 words

Reading Time: 7 minutes read

Sentences: 43 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 745998

View Article Analysis

About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 30 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

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The story "Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits" has 1251 words across 43 sentences, which will take approximately 6 - 11 minutes for the average person to read.

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The story "Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits" was covered 1 months ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 30 news stories per day.

It's most recent story was published 14 hours ago.

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  • News ID: #745998
  • URL: https://beamstart.com/news/celsius-crypto-customers-face-big-16649976382124

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