Ray Youssef, CEO of the peer-to-peer Bitcoin marketplace Paxful, has agreed to refund all affected users of its Paxful Earn product, which let users earn a yield on their Bitcoin in partnership with Celsius.
“Another hit came when the courts ruled that Celsius Earn Accounts belonged to Celsius’ bankruptcy estate, not to its users.”Celsius froze withdrawals in June after Bitcoin’s price collapsed below $20,000, bringing the firm’s DeFi loans dangerously close to their liquidation point.
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