Former Celsius Network policy and regulatory affairs head Aaron Aiovin joined JPMorgan, according to Bloomberg Law.
He joined the crypto-lending platform in February 2022 and held the post until September.
At JPMorgan, Aiovin will head the division responsible for policy on digital-asset regulation. The bank declined to comment on the appointment.
On June 13, Celsius Network suspended withdrawals, exchanges and transfers between accounts.
A month later, the platform and some affiliated entities filed for bankruptcy in accordance with Chapter 11 of the U.S. Bankruptcy Code. The platform’s liabilities exceeded its assets by $2.85 billion.
In August, the U.S. Trustee’s Office said there were numerous questions for the firm’s management. Prior to that, the FT reported that CEO Alex Mashinsky interfered in the execution of the crypto-lending platform’s trading strategy, which cost millions of dollars.
In September, the CEO unveiled a plan to rescue Celsius from bankruptcy, according to media. Mashinsky left his post.
Earlier, ForkLog reported that the company is considering issuing wrapped tokens as part of its restructuring plan.
Auction of Celsius Network assets will take place no later than 10:00 (ET) on October 20.
In September, JPMorgan chief Jamie Dimon described cryptocurrencies as decentralized Ponzi schemes. However, he acknowledged that real technologies (for example, DeFi and utility tokens) can be useful.
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