Post
Topic
Board Altcoin Discussion
Topic OP
Celsius won $4.2B worth of customers funds
by
ChillyMatthew
on 06/01/2023, 14:16:41 UTC
GM crypto fam,

As I was doing my regular Friday "catching up" routine. I came across this story, and I'm not sure I understand everything.

So, a court declared that $4.2B worth of customer deposits belong to Celsius, allowing the company to use the digital assets in bankruptcy proceedings. But what happens to the customers now? Will they ever get repaid?

Source:

https://app.getresponse.com/view.html?x=a62b&m=BVxpy5&mc=9I&s=BtgXWnG&u=QcLhh&z=ESSrIqt&

https://www.coindesk.com/policy/2023/01/05/celsius-earn-assets-belong-to-bankrupt-crypto-lender-judge-rules/