This isn’t the bomb under the Celsius bankruptcy that we’ve been waiting for — it’s just an interim report ordered by Judge Martin Glenn ahead of the Celsius Custody and Withhold hearings on December 7 and 8.
Nevertheless, it’s jam-packed with the sort of hilarity and horrors that you find when anyone looks inside how any crypto firm actually works. All crypto firms are Quadriga. It’s just that some haven’t exploded yet.
Celsius was tracking the company’s cryptos in the most advanced software known to cryptocurrency: a Google spreadsheet. This was an improvement over Celsius’ previous system, which was to just look at each blockchain address and check the balances by hand.
