What is a Cryptocurrency Clawback Provision?
Cryptocurrency holders with assets in bankrupt cryptocurrency interest account providers like Celsius Network were introduced to a new scary term– clawback provisions. A cryptocurrency clawback provision effectively claims that customers (and insiders, execs, and other parties we’ll describe below) who withdraw their cryptocurrency assets before 90 days of a debtor (company going bankrupt) declaring bankruptcy […]
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Back in July, news.Bitcoin.com reported on the cryptocurrency-backed USD lending platform, Blockfi, which raised $52.5m from investors in an investment round led by Michael Novogratz’s Galaxy Digital. On Monday, Blockfi announced the firm is now servicing residents from California and the latest expansion leads to the crypto-lending service being available in 44 states. Also Read: Novogratz’ […]
