Judge denies motions from Celsius users seeking to reclaim assets

Judge denies motions from Celsius users seeking to reclaim assets


A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July.

In orders filed with United States Bankruptcy Court in the Southern District of New York on Jan. 25, Judge Martin Glenn denied a motion from Rebecca Gallagher, a Celsius claimant who argued her interest-bearing ‘Earn’ assets on the platform were “her property and not property of the bankruptcy estates” under the control of the debtors. The judge denied similar motions from Celsius account holders Mark Benzaken and Kulpreet Khanuja.

Motions from the three individuals included claims that Celsius’ terms of use did not allow for transferring their assets from the platform to control of the debtors in the event of bankruptcy. Gallagher

Trending: BREAKING: Brunson Brothers Case Is Back On!

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend