Celsius Seeks OK To Settle Customer Fraud Claims

By Rick Archer

Celsius Network is asking a New York bankruptcy judge to approve an offer to customers to add 5% to their Chapter 11 recovery in exchange for dropping claims they were induced to deposit their cryptocurrency with Celsius by lies.

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https://www.law360.com/banking/articles/1702677?nl_pk=99a2a594-20ad-4b2f-a28e-cd0e62d896b6&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2023-07-24&read_main=1&nlsidx=0&nlaidx=12