Collapsed cryptocurrency lending platform Celsius Network has issued the latest update on the progress of allowing customer withdrawals as the bankruptcy hearings continue.
This is after a bankruptcy judge ruled that Celsius should return deposits to specific customers whose funds were not mixed with other assets.
In this line, Celsius noted that the platform would launch communication with the affected customers on the implications of the ruling and the next course of action, the company said in a series of tweets on December 8.
“We will be communicating directly with customers as quickly as practicable to share more on what this means and what’s next. We remain committed to ensuring that all similarly situated customers are treated similarly,” Celsius said.
The affected assets
Furthermore, Celsius clarified the type of assets the company will be compensating as per the ruling. According to Celsius:
“The Court authorized Celsius to return “pure” Custody Account
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