Crypto & Bankruptcy (facilitated by Christine Okike, Kirkland & Ellis)

The recent bankruptcy filings by Voyager Digital and Celsius have triggered calls for clearer guidelines on questions relating to cryptocurrency and bankruptcy. This session will discuss, among other things, whether crypto assets should be considered property of a bankruptcy estate or property of a customer and whether customers should be deemed secured or unsecured creditors. This session will also consider valuation of crypto assets during bankruptcy, what legal and contractual protections should be put in place to protect customers, and whether different types of crypto companies can be restructured during a bankruptcy.