Legal Commentary: Celsius Network Collapse Sets Critical Precedents for Crypto Custody and Insolvency Law
The collapse of Celsius Network between 2022 and 2024 will likely be remembered as a watershed moment in the legal treatment of crypto platforms — particularly those acting as custodians of customer assets. Beyond the headlines of bankruptcy, fraud charges, and billions in evaporated wealth, the case has laid bare the legal uncertainties surrounding digital asset platforms operating under centralized custodial models.