Coin Edition -
- Celsius will enable eligible users to cash out certain custody assets soon.
- Celsius users will receive an email before February 15 about their eligibility.
- An independent examiner described Celsius’ business operation as a Ponzi scheme.
The bankrupt crypto lender Celsius has reaffirmed the commencement of customer withdrawals in the coming days. It shared a 1,400court document via Twitter early today, noting that the withdrawal will be for certain assets in certain custody accounts.
Celsius said eligible users would be asked to update their Celsius account with some required information before any withdrawals are processed for security and regulatory reasons. It added that such customers are only entitled to withdraw approximately 94% of their eligible custody assets. Furthermore, it stated that the court will decide whether or not they will be able to cash out the leftover later.
Celsius provided an update on the upcoming withdrawal process for certain assets in certain Custody accounts. https://t.co/Q4oxRHeg4E— Celsius (@CelsiusNetwork)
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