Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers – Bitcoin News
Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders. Reportedly, the Celsius custody accounts did not participate in the earn and borrow program. A court hearing concerning the matter of relief will take place on October 6. Celsius Files Debtors‘ Motion to ’Reopen Withdrawals for Certain Customers Court documents show that Celsius is looking to release roughly $50 million in funds to select customers. The debtors motion seeks to “reopen withdrawals for certain customers with respect to certain assets held in the custody program and withhold accounts, and granting related relief.” Celsius दिवालिएपन के लिए दायरा on July 13, 2022, after the company रोके गए “all withdrawals, swaps, and transfers between accounts” a month earlier on June 12. The Celsius bankruptcy process has been very extensive, and the lender‘s customers have written letters to the court begging for their funds to be released. One customer समझाया that it was a matter of keeping a roof over his family and food on the table. रिपोर्ट have shown Ripple Labs was interested in Celsius and the company’s assets, after the company asked