Crypto Lender Celsius Faces Another Group of Customers Who Want Their Money Back

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According to the filing, the group’s cryptocurrency is deposited in custodial accounts rather than the yield-generating “Earn” product. This means Celsius should have held the funds in segregated storage on behalf of the group’s members, who retain title to the funds, according to the filing. Because of this, the filing claims, the customers should be able to receive their funds back separately from the outcome of the bankruptcy proceedings.

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