While the ownership question is far from settled—the ruling will most certainly be appealed—it does further muddy the waters for cryptocurrency investors with custodian relationships. Celsius is not the only company to claim ownership of customer funds. In May, crypto giant Coinbase Global caused waves when the company's SEC Form 10-Q indicated that, in an insolvency event, it could treat customers' assets as corporate assets. At the time, Brian Armstrong, Coinbase's Chief Executive, tried to clarify in a tweet. However, he did not retract the statement, he simply said investor funds were safe because Coinbase was nowhere near filing bankruptcy. And it does not appear Coinbase has changed their Terms of Service to ensure account holders truly own the assets in their accounts in the event of a Coinbase bankruptcy petition.