Nixon Peabody, a legal advisory company wrote back in May 2022 | NFT Insider
Nixon Peabody, a legal advisory company wrote back in May 2022 about "How a bankruptcy of a cryptocurrency exchange may affect holders."
According to Nixon's Christopher Fong, counsel in the Bankruptcy & Financial Restructuring group: "If an exchange declares bankruptcy, it can legally claw back many of the withdrawals its depositors made over the 90 days before the bankruptcy and the burden would shift to the customer to provide a defense."
