By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    CoinsBee Surpasses 5,000 Gift Card Brands, Becoming the Largest Crypto Gift Card Platform Worldwide
    CoinsBee Surpasses 5,000 Gift Card Brands, Becoming the Largest Crypto Gift Card Platform Worldwide
    4 weeks ago
    Moca Foundation announces Moca Chain for self-sovereign, privacy-preserving identity and user verification
    Moca Foundation announces Moca Chain for self-sovereign, privacy-preserving identity and user verification
    2 weeks ago
    NEXBRIDGE and NEXPLACE Raise $8M Series A to Launch Integrated Bitcoin Capital Markets Ecosystem
    NEXBRIDGE and NEXPLACE Raise $8M Series A to Launch Integrated Bitcoin Capital Markets Ecosystem
    2 months ago
    Latest News
    10 Best Investor Reporting Software for LP Reporting​
    2 days ago
    RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion
    18 hours ago
    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element
    2 days ago
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    2 days ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Performing Crypto last 6 Months
    10 Best Performing Crypto last 6 Months
    1 day ago
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    10 Cryptos Listed as Securities: Top Tokens Under Regulation
    2 days ago
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    3 days ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    3 days ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    4 days ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Get $22.5M from Celsius! 64 users sued the court
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Get $22.5M from Celsius! 64 users sued the court
Blockchain News / Crypto News

Get $22.5M from Celsius! 64 users sued the court

News Expert
Last updated: 16/09/2025 6:16 PM
News Expert
3 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Get $22.5M from Celsius! 64 users sued the court
SHARE

Bankrupt cryptocurrency lender Celsius Network is facing more legal issues as disgruntled customers move to demand their funds be returned after the platform froze withdrawals in June .

A group of 64 Celsius escrow account holders filed a lawsuit Wednesday in U.S. Bankruptcy Court for the Southern District of New York seeking to recover their assets

The creditors seek to return a total of $22.5 million in assets they held with Celsius escrow services , according to court documents . The group is represented by Togut, Segal & Segal, a law firm specializing in insolvency matters.

The plaintiffs said Celsius “failed to honor withdrawals from any program,” including escrow services. According to the complaint, this violates the simple wording of the debtor’s terms of use, which originally stated that the assets in custody “belong to the user forever.”

- Advertisement -

According to Celsius’ terms of use, the rights to any digital assets in its escrow wallet “always belong” to the customer and are not transferable to the company.

According to their terms of use last revised in April this year, they stated: “ Celsius will not transfer, sell, lend or otherwise re-mortgage eligible digital assets held in escrow wallets unless expressly instructed, unless a valid court order, Competent regulatory agency, government agency, or required by applicable law.”

As the cryptocurrency market continues to be in a bear market and the cryptocurrency lending industry is experiencing related liquidity issues, Celsius is one of the most troubled cryptocurrency lending platforms that filed for Chapter 11 bankruptcy in July of this year.

Celsius subsequently disclosed that the company had a $1.2 billion shortfall on its balance sheet . Celsius had total assets of $4.31 billion as of July 13, and out of Celsius’ total liabilities of $5.5 billion, more than $4.7 billion was owed to Celsius users.

10 Best Performing Crypto last 6 Months
10 Cryptos Listed as Securities: Top Tokens Under Regulation
10 Best Crypto Volume Trackers for Accurate Market Insights
10 Best Crypto Trading Courses on YouTube
9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
Share This Article
Facebook Email Print
Previous Article Binance is a Chinese company? Is Chen Guangying the man in power behind the scenes? Changpeng Zhao refutes rumors and tells the truth Binance is a Chinese company? Is Chen Guangying the man in power behind the scenes? Changpeng Zhao refutes rumors and tells the truth
Next Article What Is Metababy (BABY )? Complete Guide & Review About Metababy What Is Metababy (BABY )? Complete Guide & Review About Metababy
10 Best Crypto Time Zones In India for Maximum Trading Gains
10 Best Crypto Time Zones In India for Maximum Trading Gains
Guide & Crypto Education
10 Best Investor Reporting Software for LP Reporting​
10 Best Investor Reporting Software for LP Reporting​
Press Releases
10 Best Answering Services for Real Estate Investors 2025
10 Best Answering Services for Real Estate Investors 2025
Guide & Crypto Education
10 Best Investor Reporting Platforms for Financial Metrics
10 Best Investor Reporting Platforms for Financial Metrics
Banking & Finance

Latest Published

10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins

10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins

7 days ago
10 Crypto APIs for Developers In 2025

10 Crypto APIs for Developers In 2025

2 weeks ago
Why SimpleFX Is Not a Safe or Reliable Trading Exchange

Why SimpleFX Is Not a Safe or Reliable Trading Exchange

2 weeks ago
Ten Largest Property Firms by Market Cap In 2025

Ten Largest Property Firms by Market Cap In 2025

3 weeks ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?