Stay updated with breaking news from Borrow Service. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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...
Court rules that Earn Account Cryptocurrency is owned by Debtors and will not be returned - In our latest Bitblog update regarding the Celsius Network LLC, et al. (the...
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.
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.
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.