{"id":82910,"date":"2022-10-21T00:10:03","date_gmt":"2022-10-21T04:10:03","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82910"},"modified":"2022-10-20T22:01:01","modified_gmt":"2022-10-21T02:01:01","slug":"cryptocurrency-provider-will-return-17-million-to-lender-celsius-as-it-reorganizes-in-bankruptcy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2022\/cryptocurrency-provider-will-return-17-million-to-lender-celsius-as-it-reorganizes-in-bankruptcy.html","title":{"rendered":"Cryptocurrency provider will return $17 million to lender Celsius as it reorganizes in bankruptcy"},"content":{"rendered":"\n<p>(CNBC) Crypto service provider Prime Trust agreed Thursday to return $17 million from crypto lending platform Celsius that was allegedly withheld just as digital currencies hit their first bottom last year. Prime Trust, which offers custodial services for digital assets, held $119 million of Celsius\u2019 assets when the two terminated their contract in June 2021, according to the <a rel=\"noreferrer noopener\" href=\"https:\/\/cases.stretto.com\/public\/x191\/11749\/PLEADINGS\/1174908232280000000049.pdf\" target=\"_blank\">lawsuit Celsius filed against Prime Trust<\/a> in August. Prime Trust \u201crefused to fulfill its obligation\u201d by transferring the $17 million in crypto assets when the contract was dissolved, Celsius said.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/10\/20\/cryptocurrency-service-provider-agrees-to-return-17-million-to-digital-lender-celsius-.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Crypto service provider Prime Trust agreed Thursday to return $17 million from crypto lending platform Celsius that was allegedly withheld just as digital currencies hit their first bottom last year. Prime Trust, which offers custodial services for digital assets, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82910","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82910"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82910\/revisions"}],"predecessor-version":[{"id":82911,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82910\/revisions\/82911"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}