Crypto Lender Celsius’s Retail Customers May Bear Brunt of Bankruptcy

Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet

“In particular, Celsius has pointed out in its pleadings that customers transferred ownership of crypto assets to Celsius, making those customers unsecured creditors. This detail may undercut customer expectations, who thought they were depositing their assets into a construct similar to a traditional bank,” Gwen added.

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