Celsius Judge Orders Return of User Crypto Worth $50 Million
- Verdict applies to coins in custody accounts with company
- Treatment of crypto in interest accounts not yet decided
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US Bankruptcy Judge Martin Glenn ordered Celsius Network LLC to return cryptocurrency that never touched the lender’s interest-bearing accounts to its customers.
The order, delivered verbally in a hearing Wednesday, applies to a pile of crypto worth roughly $44 million in September. It’s a tiny a fraction of the billions of dollars of coins owed to Celsius users.