Founder of KeyFi Prohibited from Transferring Property Related to Celsius’ Bankruptcy Case

02/15/2023 21:23 • AI Insights • 106 views

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

Analysis based on this information:

The reported temporary restraining order against Jason Stone, the founder of KeyFi, and others involved in the joint-stock company, alleges that they were prohibited from transferring or disposing of property related to the bankruptcy case of Celsius. This measure is part of a larger attempt to prevent any unjust use of property by companies involved in the Celsius bankruptcy case.

The restraining order against Stone and KeyFi has been put in place with the intention to restrict the parties from transferring or disposing of property. This essentially means that they are not allowed to sell, loan, or transfer any assets that are related to the Celsius bankruptcy case. Moreover, the court went a step further and directed the company not to use “Tornado Cash or other means to conceal the location of any property.” The message highlights that if these properties are not found in time, they would have been used to satisfy the judgment of this case.

The implication of the temporary restraining order is significant for all parties involved, including the creditors and investors in the Celsius bankruptcy case. It serves to safeguard the value of property that might be needed to repay the creditors, and keep it from being transferred or disposed of by parties with vested interests. It also ensures that Jason Stone and KeyFi do not interfere with the proceedings, and are held accountable for any assets that might be hidden or transferred away from the bankruptcy case.

What could have led to this restraining order is unknown at this time. It is, however, clear that the court is taking strict measures to prevent unauthorized transfers and concealment of assets. This could indicate a deeper issue that needs to be resolved during the bankruptcy proceedings. It is also possible that Stone and KeyFi had potentially violated some terms of their agreements by attempting to transfer property related to the case or hiding assets.

In conclusion, the restraining order against Jason Stone and KeyFi is an early indication that the Celsius bankruptcy case is being carefully scrutinized, and the legal system is working to ensure that all relevant assets are accounted for throughout the proceedings. The severity of the order is significant and sends a clear message that the court system will not tolerate any attempts to hide or dispose of assets during the bankruptcy process.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/15/founder-of-keyfi-prohibited-from-transferring-property-related-to-celsius-bankruptcy-case/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.