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SDNY Says Crypto In Celsius Accounts Does Not Belong To Customers

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. ....

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My Crypto's Gone: Cryptocurrency in Earn Accounts Belong to Celsius Not Customers | Bracewell LLP

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. ....

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