If bankrupt crypto lender CelsiusNetwork's CEO was “being transparent,” there would be “no need to bring in an independent examiner,” Hodder Law Firm founder sashahodler told CoinDesk TV’s “First Mover.” _franvela reports
If the U.S. Trustee, which is responsible for overseeing bankruptcy matters including fraud, receives approval to assign an independent examiner, it may be likely that a list of what creditors are owed will finally be available, according to Hodder.Some may argue thewere around even before the lender filed for bankruptcy, she said.
Until financial details are clear, however, Hodder said that Celsius should not only be more transparent, but should “stop spending exorbitant funds every day, fire all the staff [and] put everything on hold.” Back in July, the company spent $40 million, which it primarily used to set up its mining site.
Hodder said that if creditors are left without answers, it would be best “for [Mashinsky] to get charged criminally.”Read more:
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