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Benzinga
Benzinga
Business
Samyuktha Sriram

Celsius Bankruptcy Hearing: Lawyers Claim Users Gave Up Legal Rights To Crypto

Celsius David Silver Crypto Earn Cryptocurrency

Bankrupt cryptocurrency lender Celsius’ lawyers have asserted that the platform’s users gave up rights to the digital coins deposited in the borrow-and-earn programs.

What Happened: At the first bankruptcy hearing on July 18, Celsius legal counsel Kirkland & Ellis stated that customers had transferred their title to coins to Celsius under the e-Terms of Use (“TOUs”).

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