Celsius customers sue to recover their crypto assets

Celsius customers sue to recover their crypto assets

Bankrupt crypto lender Celsius shoots uneasy customers in June stopping It started to face new legal problems as it took action to recover its assets from the platform.

The group of 64 people holding custodial accounts at Celsius filed a complaint with the US Southern New York Bankruptcy Court on Wednesday to recover their assets. it happened.

According to court documents, creditors are trying to recover a total of more than $22.5 million worth of crypto assets held on Celsius’ custodian service. The creditor group is represented by the bankruptcy focused law firm Togut, Segal & Segal.

Plaintiff says Celsius does not allow withdrawals from any program, including custody services. According to the complaint, this contradicts creditor terms of use, which includes a headline that “said stored assets always remain with users.”

According to Celsius’ terms of use, all digital assets held in the platform’s storage wallet remain with customers and are not transferred to Celsius.

Celsius does not transfer, sell, lend digital assets held in its custody wallet, unless instructed by you or requested by a valid court order, authorized regulatory agency, government agency, or applicable law. does not lend or re-mortgage,” he said. is stated.

You may be interested: Celsius’ money could run out by October, according to lawsuit documents

Celsius Network is one of many crypto lending platforms that went bankrupt due to the liquidity crisis witnessed in the ongoing bear market. The company’s balance sheet has a deficit of 1.2 billion dollars. Celsius filed for bankruptcy in mid-July.

Soruce : https://tr.cointelegraph.com/news/tens-of-celsius-clients-ask-us-court-to-recover-22-5m-in-crypto

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