In February, Bakkt, which is owned by Intercontinental Exchange, ceased its consumer-oriented application as part of its transition away from the retail market.
A big worry is that the company hasn't said what it will do with the money from selling stablecoins.
U.S. Bankruptcy Judge Martin Glenn has approved a request to choose an examiner in the Celsius case as a result of a motion in August.
The CEO of former staking and DeFi strategic partner KeyFi has been targeted by cryptocurrency lender Celsius. KeyFi had sued Celsius a week prior to its bankruptcy.