FTC Moves to Join Crypto Lender Celsius’ Bankruptcy Case

The Federal Trade Commission also requested a copy of all relevant documents.

AccessTimeIconSep 13, 2022 at 8:28 p.m. UTC
Updated May 11, 2023 at 5:22 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The Federal Trade Commission wants to get involved with failed crypto lender Celsius Network’s bankruptcy case.

On Tuesday, two lawyers with the business regulator, Katherine Johnson and Katherine Aizpuru, asked the judge overseeing Celsius’ proceedings for permission to represent the FTC. She also requested a copy of all relevant documents. The requests had not been granted by press time.

The FTC declined to comment.

The short-on-specifics filings don’t shed any light on FTC’s intent in the Celsius case.

The regulator has joined previous bankruptcy cases however. In 2015 the agency made a motion tied to RadioShack’s bankruptcy proceedings to limit how much customer information – such as names and purchase histories – could be shared or sold.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Danny Nelson

Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

Nikhilesh De

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Read more about