The bankruptcy judge in charge of the Celsius Network case in the United States has ordered the bankrupt crypto lender to return approximately $44 million in cryptocurrencies. According to Bloomberg, Judge Martin Glenn’s decision will affect customer funds that were never touched by the firm’s flagship interest-bearing lending service, which represents a relatively small minority of total customer funds held by Celsius. According to a recent court filing, approximately 58,300 users had assets valued at $210.02 million in its interest-bearing Earn Program or Borrow Program. However, there were only 15,680 customers who had around $43.87 million in “Pure Custody” the entire time. According to the bankruptcy court judge, this latter group will receive 100% of their funds back.
