Post
Topic
Board Altcoin Discussion
Re: Celsius won $4.2B worth of customers funds
by
serjent05
on 05/02/2023, 23:31:19 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/



This is a very disgusting strategy done by Celsius's owner making them change their terms and condition according to their favor.  I hope victims file an appeal to reverse the decision and be granted and make these scammers pay for their fraud attempts.  I also think the judge siding with Celsius is taken care of.  I wonder how much that judge cut on the fund.  I hope I am wrong but I the idea of the possibility that the judge had been bought keeps on entering my mind.