Celsius Fights for Crypto Ownership Based on Changing Terms of Use – The Wall Street Journal

Celsius Fights for Crypto Ownership Based on Changing Terms of Use – The Wall Street Journal

Blockchain Crypto Market Technology
December 7, 2022 by Coinvasity
26
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com.https://www.wsj.com/articles/celsius-fights-for-crypto-ownership-based-on-changing-terms-of-use-11670354836Celsius Network LLC’s recent customer agreements were clearer than earlier versions of its terms of use about whether customers were handing over ownership of their coins when they made deposits into the firm’s
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This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com.
https://www.wsj.com/articles/celsius-fights-for-crypto-ownership-based-on-changing-terms-of-use-11670354836
Celsius Network LLC’s recent customer agreements were clearer than earlier versions of its terms of use about whether customers were handing over ownership of their coins when they made deposits into the firm’s high-interest Earn accounts, according to the bankruptcy judge overseeing its chapter 11 case.
Judge Martin Glenn of the U.S. Bankruptcy Court in New York made the remarks at a hearing Monday over a legal issue in the Celsius case that could also affect millions of customers of other bankrupt crypto platforms: what…
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