Posted on by

They Lost Crypto in the Crash. They’re Trying to Get It Back.



Share

David Little was starting to lose hope. Like thousands of other investors, he lost a large chunk of his cryptocurrency savings — which at one point accounted for more than half his net worth — when the experimental crypto bank Celsius Network filed for bankruptcy this summer.Then he had an idea. In July, Mr. Little, a 35-year-old engineer in Houston, wrote a letter to the U.S. Bankruptcy Court for the Southern District of New York, arguing that he and others who had deposited their digital currencies in a special type of Celsius account should be able to withdraw the funds. Soon he started getting calls from fellow depositors — a man who was struggling to pay rent, a woman who had lost her retirement savings.Mr. Little started a group chat that grew to include hundreds of Celsius customers. Within da …

Read More