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https://www.axios.com/2023/01/04/celsius-bankruptcy-earn-accounts | https://nu.federati.net/url/289204 [www axios com & web archive org]
#Bankruptcy judge in Celsius case rules that #cryptocurrency deposits belong to the company, not the depositors (who are now unsecured creditors). This appears to be based on contract language, but I wonder how this would go with a "M of N" type arrangement, where the company is unable (not just by internal policy, but enforced by smart contract) to touch depositors funds without those depositors' allowance.
(Also, I wonder what the legal gobbledegook that cryptocurrency exchanges make people sign has similar clauses.)