In the latest news about the Celsius bankruptcy case, Judge Martin Glenn ruled that the $4.2 billion in funds deposited into Earn Accounts was the property of Celsius, not the investors. The court concluded that based on Celsius’s express terms of use and subject to any retained defenses, the cryptocurrency assets (including stablecoins, discussed in detail below) became Celsius’s property when they were deposited into Earn Accounts, the decision document said. The property, as well as the cryptocurrency assets retained in the revenue account as of the date of the petition, become property of the debtor’s bankruptcy estate.