A bankruptcy judge ruled that digital coins deposited in Celsius Network's interest-bearing accounts belong to the firm, ruling against thousands of customers and deciding a key legal issue in crypto-related insolvencies
Judge Martin Glenn said Wednesday that $4.2 billion in cryptocurrency deposits are the property of Celsius, clearing the way for the company to use its digital assets as it sees fit, while also dealing a blow to the hopes of thousands of customers by declaring them unsecured creditors.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bankruptcy judge rules that Earn account assets belong to CelsiusThe crypto lender's bankruptcy might have just set a precedent in determining what crypto assets belong to whom when stored on a centralized platform.
Les mer »
Core Scientific to Shut Down Celsius Crypto Mining EquipmentCore Scientific is moving to shut down about 37,000 mining rigs it operates for Celsius Mining as part of its ongoing bankruptcy process. egreechee reports
Les mer »
Core Scientific shuts down 37K mining rigs it was hosting for CelsiusCelsius Network agreed to let bankrupt Bitcoin (BTC) miner Core Scientific shut off 37,000 mining rigs the miner was hosting for it after the crypto miner argued the lender breached its contract and termination of the agreement would significantly boost its revenues during restructuring.
Les mer »
Core Scientific will cut power to 37,000 Celsius miners: BloombergThe arrangement marks the end of a months long dispute between the companies after Celsius failed to pay bills for mining energy costs.
Les mer »
Bitcoin Miner Core Scientific Plans to Shut Down 37,000 Celsius RigsCore had partially blamed Celsius for its financial troubles, saying its contract with the lender made it lose $28,000 daily.
Les mer »
Community activist turns attention to safety locks to promote responsible gun ownershipA community activist and politician known for his anti-violence efforts is working to draw attention to a simple tool he said will help prevent senseless gun deaths and injuries.
Les mer »