Deposits at bankrupt crypto exchange Celsius don't belong to customers, judge rules: If your money is stuck at BlockFi or FTX, odds are you're also out of luck

Customers who got stiffed by Celsius Network just got stiff-armed by a bankruptcy judge, who ruled their deposits are property of the failed cryptocurrency exchange.

The ruling means 600,000 investors could be out all of the $4.2 billion they deposited in so-called Earn accounts at Celsius before the Jersey City–based firm went belly-up. The hundreds of thousands of account holders at BlockFi, FTX and other failed crypto platforms are probably out of luck as well, thanks to the ruling.

Judge Martin Glenn of...