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Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened
A US judge working on the Celsius Network bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts, Bloomberg reported.Judge Martin Glenn delivered the order verbally in a hearing on Wednesday. Per the report, this cryptocurrency “never touched the lender’s interest-bearing accounts to its customers.”
The order applies to crypto that was worth roughly $44 million in September – but notably, the lender owes billions to its users....
Read More: Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened
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