The trustee of bankruptcy Celsius rejected the payment to employees $ 2.96 million

The confidential manager in the process of restructuring Celsius Network objected against the payment of bonuses of the team for continuing to work in the amount of $ 2.96 million. He referred to the lack of sufficient information in the petition.

The trustee also indicated that persons who can be recognized as insiders can receive compensation. In this case, they must be excluded from the list of employees retention program.

The application states that 62 out of 275 specialists of the cryptolending platform are due to payments.

“This contradicts logic, not to mention the bankruptcy Code. A company in which most of its functions are no longer in providing services should not offer a multimillion -dollar bonus scheme “, – explained the trusting manager.

Celsius should prove that https://gagarin.news/ua/news/white-bit-opens-a-branch-in-australia/ payments are reasonable. Without any identified indicators, the trustee will not give a positive conclusion.

Recall, on June 13, the cryptolending platform suspended the withdrawal of funds, exchange and transfers between accounts.

A month later, Celsius and some affiliated structures have submitted an insolvency application in accordance with Chapter 11 of the US Code of Bankruptcy. Platform obligations exceeded its assets by $ 2.85 billion.

On October 25, the federal judge for bankruptcy cases approved the plan of the procedure for trading assets of Celsius Network. Auctions can be completed before the end of the year.

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