The U.S. bankruptcy judge will rule on the ownership issue of $18 million in assets in Celsius interest-bearing accounts

ChainCatcher news, according to Bloomberg, U.S. Bankruptcy Judge Martin Glenn in the Southern District of New York (Manhattan) will rule on the ownership of assets in the interest-bearing accounts of the crypto lending platform Celsius. Previously, Celsius requested Glenn to allow it to sell $18 million worth of crypto assets on its balance sheet, which were deposited by users in interest-bearing accounts before Celsius filed for bankruptcy in July.

Glenn will have to decide whether these interest-bearing account assets belong to Celsius or the depositing users, and the ruling on this legal issue will impact other crypto bankruptcy cases. (Bloomberg)