A US federal judge ordered that $44 million of assets held in Celsius Network’s custody accounts be returned to customers immediately.
According to the news presented by Bloomberg, the US federal judge $44 million cryptocurrency Celsius ordered it to be returned to its customers. Bankruptcy Judge Martin Glenn by December 7Verbal decision at a hearing in .
The amount in question Contains only the presence in the custody accounts of Celsius. The decision, which came after an agreement between Celsius advisors and stakeholders that the cryptos deposited in custody accounts belonged to its users, not the platform, still accounts for a tiny fraction of the billions Celsius owed to creditors.
Celsius, 29 August as of over $210 million had a storage account but only approx. $44 million fundfits the criteria of the last order.
On the other hand, Celsius allows depositors to earn interest. Earn accounts, $4.7 billion worth of user funds are currently kept under lock and key. A decision has not yet been made regarding these accounts and the access ban continues.
These recent developments Celsius Network‘Fame (CEL) also had an impact on the price. CoinGecko CEL price in the last 3 days according to data Gained around 55% and now from $0.70 traded in the markets.