Cryptocurrency in Celsius’ Earn Accounts belongs to bankruptcy estate, not depositors who placed it there, according to January 4 opinion from Judge Martin Glenn of U.S. Bankruptcy Court in the SDNY. Decision is blow to individual customers who deposited crypto assets there.
In a decision of first impression regarding whether certain digital assets are property of a bankrupt debtor's estate (attached here), Chief Judge Martin Glenn of the United States Bankruptcy.
Cryptocurrency in Celsius’ Earn Accounts belongs to the bankruptcy estate, and not to the depositors who placed it there, according to a January 4 memorandum opinion from Judge Martin.
In a decision of first impression regarding whether certain digital assets are property of a bankrupt debtor’s estate (attached here), Chief Judge Martin Glenn of the United States.