Celsius had another Hearing on Sept 1.   The “earn and borrow” program is all titled to Celsius, customers have no right of ownership to these funds, and any proceeds will be distributed at the end of the bankruptcy proceedings. Not your Keys, Not your Coins!   The “custody and withhold” assets will be considered distinct from the “earn and borrow” program, and will not be subject to the bankruptcy.   There is approx. $215mm worth in custody, but Celsius is attempting to separate it into three tranches, $48 mm to be returned, 156mm to be contested as having been transferred in too late, and $11mm was too small of a deposit (less than $7,575).

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