The Coin Detective
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Bad news for thousands of crypto investors: They don't own their accounts

By finance.yahoo.com on January 6, 2023


More than half a million people who deposited money with collapsed crypto lender Celsius Network have been dealt a major blow to their hopes of recovering their funds, with the judge in the company's bankruptcy case ruling that the money belongs to Celsius and not to the depositors. The judge, Martin Glenn, found that Celsius's terms of use - the lengthy contracts that many websites publish but few consumers read - meant "the cryptocurrency assets became Celsius's property."Subscribe to The Post

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