Celsius has been granted ownership of customer assets. Read the ToS everyone.

As a customer of Celsius ive been listening to the hearings and reading the legal docs submitted in bankruptcy court and its been a handful to say the least. The most interesting thing to me was always title of assets, could they really just slip something in to a ToS update and basically say its all ours? For months ive seen motions and objections for everything under the sun:

“Celsius is selling unlicensed securities and the contract is void. There was no sale or donation contract signed by customers. These changes in ToS were predatory and not following ethical business practices. Celsius is a ponzi so the terms are fraudulent. At the time of the ToS change Celsius was insolvent. In the terms its still referenced to a loan, how can a loan transfer title. In AMAs and previous TOS it was said that we own our crypto.”

All of these reasons and more were given to argue against title of assets but today the ruling seemed to go in Celsius’ favour for the sake of fast tracking bankruptcy. Theres still an independent investigation being concluded next month on the fraud allegations that may change things but the fact this was even close goes to show that ToS does matter. I dont know what happens next, but watch for these things in the places you do business.