TipRanks
2022-12-08 11:02:00

Crypto Ownership Call; Company or Customers?

In a very critical hearing early next week, U.S. Bankruptcy Judge Martin Glenn in New York City will decide if the cryptocurrency assets at bankrupt firm Celsius Network LLC belong to customers or whether they belong to the company. Most importantly, the ruling will set an example for the clash over a similar problem at other bankrupt exchanges, including FTX, crypto broker Voyager Digital, and the most recent collapse of crypto lender BlockFi. Should the judge decide in favor of the customers, they will be first in line to receive the digital assets back.

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