Embattled crypto lender Celsius has been awarded the rights to crypto assets on the platform. This means that most of its customers will be the last ones to receive reimbursements.
On Jan. 4, a New York bankruptcy judge ruled that បណ្តាញអង្សាសេ owns most of the crypto assets deposited by customers on its platform.
The move comes as a blow to Celsius users, who are now at the back of the repayment queue. This will affect around 600,000 accounts with ទ្រព្យសកម្ម valued at $4.2 billion when Celsius filed for bankruptcy in July 2022.
Bankruptcy Judge Martin Glenn used the Celsius terms and conditions to កំណត់ that funds in Earn Accounts were company property.
“The Court concludes, based on Celsius’s unambiguous Terms of Use … that when the cryptocurrency assets were deposited in Earn Accounts, the cryptocurrency assets became Celsius’s property,”
Source: https://beincrypto.com/celsius-wins-rights-earn-deposits-customers-pushed-back-repayment-queue/