Chief Judge denies third motion by Celsius clients
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In a court order issued today by the United States Bankruptcy Court in the Southern District of New York, a motion filed by a former Celsius Earn Account Holder was denied. Users attempt to retrieve funds as Celsius announces recovery plan The denied motion filed by Rebecca Gallagher was an attempt to obtain a ruling that would classify the assets in her Earn account as her property rather than the property of the bankruptcy estate of Celsius. The motion is the third of its kind to have been denied since July, when the major cryptocurrency lender filed for bankruptcy, affecting
Yesterday, Celsius Network filed a case against Tether Limited and its affiliates through Blockchain Recovery Investment Consortium, LLC. Tether positively responded to the legal authorities and shared on its official X account that Tether will defend itself in the ‘Shake Down’ lawsuit filed by the Celsius Network. Tether Will Defend…