In an opinion that stresses the value of expert witnesses and discourages the use of artificial intelligence to lighten the load of their analyses, Judge Martin Glenn of the New York bankruptcy court ruled in favour of the reorganisation plan of Celsius, the cryptocurrency lending platform that filed for bankruptcy in July 2022.
A roadmap to crypto bankruptcies?
The approval of Celsius’s reorganisation allows for the release of some $2bn in cryptocurrency, and frowns on a creditor’s reliance on AI.
