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.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. 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. CoinDesk journalists are not allowed to purchase stock outright in DCG.