FTC Files to Intervene in Celsius Bankruptcy Case, Requests Copies of All Relevant Documents

The U.S. Federal Trade Commission (FTC) has filed to intervene in the bankruptcy case of crypto lending platform Celsius, CoinDesk reported. On Tuesday, two attorneys for the business watchdog, Katherine Johnson and Katherine Aizpuru, asked the judge overseeing the Celsius lawsuit to allow them to represent the FTC and to request copies of all relevant documents. These requests have not yet been approved. There have been previous cases of regulators getting involved in bankruptcy cases, and in 2015 the agency filed a motion related to RadioShack's bankruptcy proceedings to limit how much customer information (such as names and purchase histories) could be shared or sold.