Cryptocurrency News

Celsius lawyers claim users gave up legal rights to their crypto

07/20/2022

Less than a minute

2022.07.20 08:37

Celsius lawyers claim users gave up legal rights to their crypto

Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited into Earn and Borrow accounts, according to the firm’s lawyers.

At the first bankruptcy hearing for Celsius on Monday, lawyers from the Kirkland law firm led by Pat Nash detailed how retail users with Earn and Borrow accounts transferred the title of their coins to the firm as per its terms of service (ToS). As a result, Celsius is free to “use, sell, pledge, and rehypothecate those coins” as it wishes.

Terms of Service for Celsius accounts.

07/20/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 101,660.24 4.90%

Ethereum (ETH) $ 3,720.21 5.81%

Tether (USDT) $ 1.00 0.19%

XRP (XRP) $ 2.35 10.24%

BNB (BNB) $ 699.26 4.15%

Solana (SOL) $ 209.57 7.87%

Dogecoin (DOGE) $ 0.363196 9.58%

USDC (USDC) $ 1.00 0.20%

Lido Staked Ether (STETH) $ 3,712.97 5.87%

Cardano (ADA) $ 0.992082 8.18%

TRON (TRX) $ 0.261164 8.91%

Avalanche (AVAX) $ 44.40 9.48%

Chainlink (LINK) $ 25.94 7.84%

Wrapped stETH (WSTETH) $ 4,397.73 6.09%

Shiba Inu (SHIB) $ 0.000024 9.18%

the-open-network

Toncoin (TON) $ 5.44 7.85%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 101,203.12 4.85%

Sui (SUI) $ 4.46 5.08%

Stellar (XLM) $ 0.40149 9.84%

Polkadot (DOT) $ 7.87 9.35%

hedera-hashgraph

Hedera (HBAR) $ 0.28665 2.07%

WETH (WETH) $ 3,718.10 5.81%

Bitcoin Cash (BCH) $ 488.52 9.31%

Uniswap (UNI) $ 15.16 7.41%

LEO Token (LEO) $ 9.66 0.87%

Litecoin (LTC) $ 111.05 12.76%

Pepe (PEPE) $ 0.00002 13.20%

Hyperliquid (HYPE) $ 24.43 8.32%

NEAR Protocol (NEAR) $ 5.88 11.12%

Wrapped eETH (WEETH) $ 3,923.08 5.75%

Aptos (APT) $ 12.08 9.29%

Ethena USDe (USDE) $ 1.00 0.13%

Bitget Token (BGB) $ 4.22 8.89%

internet-computer

Internet Computer (ICP) $ 11.47 7.30%

Aave (AAVE) $ 359.67 2.24%

USDS (USDS) $ 1.00 0.15%

crypto-com-chain

Cronos (CRO) $ 0.177124 11.55%

Ethereum Classic (ETC) $ 30.21 8.82%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.526842 8.92%

VeChain (VET) $ 0.05157 11.85%

Render (RENDER) $ 7.95 9.14%

Monero (XMR) $ 214.30 2.53%

Artificial Superintelligence Alliance (FET) $ 1.48 10.25%

MANTRA (OM) $ 4.02 1.37%

Mantle (MNT) $ 1.12 8.08%

Bittensor (TAO) $ 506.82 4.09%

Arbitrum (ARB) $ 0.889948 8.94%

WhiteBIT Coin (WBT) $ 25.02 1.23%

Filecoin (FIL) $ 5.77 10.66%

Dai (DAI) $ 1.00 0.15%