FTX

The Washington Post reported last week that the more than half a million people who deposited money with collapsed crypto lenders Celsius network have been dealt a major blow to their hopes of recovering their funds. The judge in the company's bankruptcy case, ruling that the money belongs to Celsius and not to the depositor. Aaron Kaplan, a lawyer with the financial focused firm of Gus Ray Kaplan Nussbaum and co-founder of his own crypto company said there are many other platforms that feature terms of use that are similar to Celsius's customers need to understand what they are taking when depositing their assets onto insufficiently regulated platforms.