Celsius Releases Names of Customers Eligible To Receive Most of Their Crypto Assets Back

Eligible prospects of bankrupt crypto lending agency Celsius Community will quickly be allowed to acquire the funds trapped when the platform paused withdrawals and transfers in June of final 12 months.

In a brand new court docket filing, Celsius names the customers who’re certified to withdraw their withheld property, saying these customers can be notified of their eligibility and the method to get their funds again on or round February fifteenth.

“Eligible Customers on the Distribution Schedule will obtain electronic mail and Celsius app communications from the Debtors informing such customers of their eligibility to withdraw and the steps every person should take earlier than a withdrawal could be processed.”

Celsius says eligible customers have to replace their account with the required particulars corresponding to these for anti-money laundering (AML) and know-your-customer (KYC) functions earlier than they will proceed with the withdrawal.

“Until and till an Eligible Consumer updates his or her account with the Required Account Updates, such Eligible Consumer can be unable to withdraw his or her Distributable Custody Belongings from the Debtors’ platform.”

Fuel and transaction charges may even apply to the withdrawals. Celsius says those that do not need sufficient property of their accounts to cowl these charges won’t be able to withdraw their funds.

Eligible prospects can withdraw solely 94% of their funds. The chapter court docket nonetheless has to determine if Celsius can return the remaining 6%.

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