Two cryptocurrency platforms have filed for bankruptcy protection, causing further concern in the digital assets market and demonstrating a new risk for investors. Voyager and Celsius both offered customers loans as well as gave customers interest and other rewards for funds held with these platforms. Following the significant decline in value of cryptocurrency, both entities filed for bankruptcy protection, creating further unease for investors in an already rocky market. These bankruptcies not only provide support for the basic principle that, if a deal seems too good to be true, it probably is, but also spotlight the importance of understanding the legal structure of a deposit relationship. Customers were actually lending money to Celsius, rather than earning interest on funds being held for them. Although the difference seems technical, it may turn out to have significant implications for the holders. In any transaction, the solvency of the counterparty as well as the legal structure of the relationship are critical. In digital asset transactions, given the volatility of the market, this is especially so. If you have questions about a cryptocurrency issue, contact David Sanders at email@example.com.