Bankrupt crypto lender Celsius will be notifying eligible users about how they can start withdrawing assets in certain custody accounts, the firm announced on Feb. 15.
Celsius included the list of eligible users in its distribution schedule and will send emails and in-app notifications for the next steps, according to the announcement. However, Celsius has not yet set a date for when it will reopen withdrawals. The withdrawals will be restarted only for U.S.-based customers while international users have to await further court instructions.
As per the court order, the lender will return two categories of assets: “Pure” custody account assets, that is cryptocurrencies that were never part of its Earn or Borrow program, and “Transferred” custody assets — assets that were transferred from the Earn or Borrow program in the 90 days before Celsius filed for bankruptcy in July.
There is no limit on the amount of pure custody assets users can withdraw. However, only users with less t
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