US Bankruptcy Court Rules Celsius Deposits Belong to the Firm

US Bankruptcy Court Rules Celsius Deposits Belong to the Firm


Bitcoin.com
2023-01-05 08:30:58

A New York bankruptcy court has ruled the deposits on high-interest-earning accounts belong to Celsius, the embattled former cryptocurrency lending firm, that filed for Chapter 11 bankruptcy protections in July. The decision establishes a precedent that might affect the status of other, similar cases involving crypto companies like Blockfi and FTX. Celsius Obtains Ownership of