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coinpedia 2023-01-05 12:48:06

Celsius Network’s Stablecoins Face Liquidation To Cover Bankruptcy Costs

The post Celsius Network’s Stablecoins Face Liquidation To Cover Bankruptcy Costs appeared first on Coinpedia Fintech News Judge Martin Glenn, the chief United States Bankruptcy Judge in the Southern District of New York, has ruled that ownership of the assets in the Celsius Network’s Earn Accounts belongs to debtors. As such, Glenn ruled that all stablecoins deposited in the Earn Accounts by Celsius customers will be liquidated to meet the cost of …

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