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Celsius Earn Depositors May Be Left Cold by Crypto Ownership Ruling | Cadwalader, Wickersham & Taft LLP

The “crypto winter” of 2022 brought a bear market and a recent wave of bankruptcies to the crypto industry, leaving some retail customers of crypto exchanges frozen out of their.

Celsius Earn Depositors May Be Left Cold By Crypto Ownership Ruling - Fin Tech

The "crypto winter" of 2022 brought a bear market and a recent wave of bankruptcies to the crypto industry, leaving some retail customers of crypto exchanges frozen out of their accounts.

What Does Celsius Bankruptcy Mean for Depositors?

Limited to the specific terms of the customer agreements, Judge Martin Glenn issued a ruling in the Celsius bankruptcy proceedings. From the beginning, Depositors advocated that cryptocurrencies held on the Celsius platform should be returned to them as quickly as possible.

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