Lawyers for bankrupt lender Celsius are seeking to claw back $7.7 million from the estate of rival Voyager, as judges wrangle over the exact legal status of Celsius’ assets, CoinDesk.com reported. The Bankruptcy Code allows clawback of transactions that took place up to three months before Celsius filed for chapter 11 bankruptcy on July 13, documents filed in a court in the Southern District of New York in the early hours of Wednesday morning said. “Voyager maintained Earn accounts with Celsius, which earned significant rewards for its users,” the filing said, citing Voyager transactions of $7.7 million between Celsius accounts, of which $5.9 million was withdrawn, during the crucial 90-day period. “Section 547 of the Bankruptcy Code allows Celsius to claw back that cryptocurrency.” Other withdrawals and transfers could also be subject to challenge, Celsius said, but added that the figure was still small in Voyager’s total pool of $1.85 billion in unsecured claims. Voyager itself had filed for bankruptcy July 5, and claims against the company were supposed to be filed by Oct. 3. But Celsius is begging for a deadline extension — saying that it had been too preoccupied with its own legal case, and that Voyager had sent its legal notice to an out of date address for Celsius’ U.K. arm.
