Celsius Judge Orders Return of User Crypto Worth $50 Million

US Bankruptcy Judge Martin Glenn ordered Celsius Network LLC to return cryptocurrency that never touched the lender’s interest-bearing accounts to its customers.

The order, delivered verbally in a hearing Wednesday, applies to a pile of crypto worth roughly $44 million in September. It’s a tiny a fraction of the billions of dollars of coins owed to Celsius users.

The move comes after Celsius advisers and various stakeholders came to the conclusion that coins placed solely into so-called custody accounts belong to users, rather than the bankrupt company. The legal treatment of coins in interest-bearing accounts — which account for ...