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Temporary Restraining Order against Jason Stone and KeyFi in Celsius Bankruptcy Case

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It is reported that according to the temporary restraining order submitted to the court on Tuesday, Jason Stone, the founder of KeyFi, and other people involve…

Temporary Restraining Order against Jason Stone and KeyFi in Celsius Bankruptcy Case

It is reported that according to the temporary restraining order submitted to the court on Tuesday, Jason Stone, the founder of KeyFi, and other people involved in the joint-stock company were prohibited from transferring or disposing most of the property related to the bankruptcy case of Celsius. The restraining order against Stone and KeyFi restricted the parties to transfer or dispose of property, and pointed out that the company should not use “Tornado Cash or other means to conceal the location of any property, otherwise these properties could have been used to satisfy the judgment of this case.”

KeyFi founder Jason Stone is prohibited from transferring or disposing of property related to the bankruptcy of Celsius

Interpretation of the news:


The message reports on a recent development in the Celsius bankruptcy case. According to a temporary restraining order submitted to the court on Tuesday, Jason Stone, the founder of KeyFi, and other parties involved in the joint-stock company are prohibited from transferring or disposing of most of the property related to the bankruptcy case of Celsius. The judicial restriction against Stone and KeyFi also prohibits the parties from using “Tornado Cash or other means to conceal the location of any property,” which could have been used to satisfy the judgment of the case.

The order is significant as it limits the ability of Stone and KeyFi to dispose of property that could be used to repay creditors in the Celsius bankruptcy case. This is essential because it ensures that creditors are given due notice and an opportunity to participate in the proceedings. Moreover, it is a significant step in ensuring that the property is not lost or destroyed, which could reduce the available assets and thereby diminish the value of the assets that can be used to repay creditors.

The wording in the order is also intriguing. The order specifically mentions “Tornado Cash or other means to conceal the location of any property.” One possible interpretation of this is that the court suspects that the parties may have used Tornado Cash, a privacy-focused technology that can be used to obfuscate the origins of cryptocurrency transactions. In other words, the court might believe that Stone and KeyFi might have used Tornado Cash to transfer cryptocurrency assets that they wish to conceal from the bankruptcy proceedings.

In conclusion, this message outlines a temporary restraining order against Jason Stone and KeyFi in Celsius bankruptcy case. The order restricts the parties from transferring or disposing of property that could be used to repay creditors, and it warns against the use of technology that can be used to conceal the origins of cryptocurrency assets. The temporary restraining order is an essential step in ensuring that creditors receive what is owed to them and guaranteeing that the available assets are not lost or consumed.

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