Crypto marketplace Paxful will return funds to its Earn program users hurt by Celsius bankruptcy.
As of now, Paxful has not disclosed how much it is returning to customers. Cointelegraph reached out to Paxful, but did not receive an immediate response.in the interest-bearing Earn program under its terms of use, not its depositors. Youssef commented on the decision:
"The [Celsius] collapse hurt countless users and damaged trust in our industry. Paxful, like many others, were paralyzed to act as we could not retrieve funds held by Celsius. Another hit came when the courts ruled that Celsius Earn Account belonged to Celsius’ bankruptcy estate, not to its users. This didn’t sit right with me then, and it still doesn’t sit right with me today."
Bankruptcy proceedings for Celsius are still ongoing. Recently, a settlement plan between the committee of unsecured creditors and a group of account holders was approved,
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korean hackers using stolen crypto to mine more crypto via cloud services: ReportCybersecurity service provider Mandiant has identified a group of North Korean hackers that uses cryptocurrency to pay for the mining of more cryptocurrency.
Read more »
Bitcoin reclaims $28,000, and FDIC gives deadline for Signature's crypto clients: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sergey Nazarov, the co-founder of Chainlink, weighs in on sentiment among blockchain developers amid the current crypto environment.
Read more »
Learn & Earn Ramadan Special: Receive Free Crypto by Completing Courses & Quizzes! (2023-03-28) | Binance SupportFellow Binancians, Binance is excited to announce that we will launch the next round of ' Binance Learn \u0026amp; Earn ' to celebrate Ramadan, where users can gain knowledge on blockchain and earn free...
Read more »
The Arrest of a Crypto Fugitive - The Journal. - WSJ PodcastsAfter his TerraUSD cryptocurrency imploded, Do Kwon became one of the most wanted men in crypto. Last week, after a global manhunt, he was arrested at an airport in Montenegro. WSJ’s Alexander Osipovich tells the story of how Kwon went from being a major crypto player to facing fraud charges in several countries. Further Reading: - Do Kwon Arrested in Montenegro as U.S. Charges Crypto Fugitive With Fraud - Cutting-Edge Crypto Coins Tout Stability. Critics Call Them Dangerous. - Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin For You. Further Listening: - The ‘Death Spiral’ of a Stablecoin
Read more »
OpenLeverage Launches Permissionless Liquid Market to Empower Crypto Users and ProjectsOpenLeverage addresses the problem of insufficient liquidity and poor DeFi instruments range for mid-cap altcoins
Read more »
Nigerian crypto investors question central bank's decision to flag p2p usersThe safety of Nigeria's P2P crypto market is being questioned as users express concerns about ongoing money laundering activities on various platforms
Read more »