Judge Orders Bankrupt Crypto Lender Celsius to Return $50 Million to Customers – Here’s What Happened

A US judge in the Celsius Networks bankruptcy case ordered the lender to return crypto worth $50 million to users of custody accounts (only), 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