Loeb & Loeb LLP's Schuyler Carrol, Daniel Besikof, Bethany Simmons and Noah Weingarten discuss issues created by a crypto custodian's potential bankruptcy filing and the impact it may have on its customers' accounts.
If a crypto custodian files bankruptcy and is in custody of its customers' crypto, would that crypto be considered property of the bankruptcy estate? The answer is not clear and there are many considerations that would need to be addressed in reaching an answer.
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