Bankruptcy judge rules Celsius Network owns users’ interest-bearing crypto accounts
A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm – thanks to the fine print.
The verdict gives Celsius ownership of the $4.2 billion in cryptocurrency that users deposited into its high-interest Earn program, according to a 45-page filing from the U.S. Bankruptcy Court Southern District of New York on Wednesday.
With the Earn program, Celsius allowed users to deposit cryptocurrencies like bitcoin, ether and tether and receive weekly interest payments. Depen
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