Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

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Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy

"Given the dearth of record-keeping, it may not be possible to fully reconstruct the intercompany Claim," the statement said. "If it were at all possi

“Given the dearth of record-keeping, it may not be possible to fully reconstruct the intercompany Claim,” the statement said. “If it were at all possible, it would be a time and cost intensive forensic accounting exercise that would likely require the engagement of a forensic accounting firm to manually reconstruct every intercompany transaction at a significant cost to the Debtors’ estates.”

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