Earn Users Hung Out to Dry
However, the vast majority of users did not have Custody accounts. Owners of Earn accounts were not promised a refund, as the judge agreed that Celsius’s ToS proved that the customers had signed over their crypto. The only compensation promised to these clients was equity in a new company founded by the deal’s sponsor.
Luckily for some Earn users, there is a silver lining.
Yesterday evening, Ray Youssef – Paxful’s CEO – announced he would be refunding those in the Paxful community who were also Celsius Earn users.
We have done the right thing and refunded @paxful users who lost funds with Celsius Earn. I could not stand by and watch them suffer, so we’ve made them whole. Our users always come first to me, this is the way !
License.
