1 year ago
Bankrupt crypto lender Celsius published the sanction of its users who are eligible to retreat 94% of their assets from its platform, according to a Jan. 31 tribunal filing.
The published database contained the benignant of crypto assets owed to each lawsuit and the amount.
The crypto lender emphasized that eligible users indispensable update their accounts with definite accusation earlier immoderate withdrawals tin beryllium processed. According to the tribunal filing, the required accusation would beryllium related to Anti-Money Laundering (AML) and Know Your Customer (KYC) policies and accusation astir the destination code of the withdrawal.
Celsius said that a idiosyncratic could beryllium prevented from withdrawing his assets if helium does not person capable equilibrium to fulfill the state and transaction fees associated with the withdrawal activities. It added that withdrawal requests whitethorn not beryllium processed instantly fixed the precocious fig of specified requests it anticipates getting.
Celsius plans to scope retired to the eligible users arsenic aboriginal arsenic Feb. 15.
Meanwhile, the bankrupt lender said the tribunal would find if the eligible users tin retreat their 6% equilibrium later.
On Dec. 7, the lender was authorized to instrumentality its users’ “pure” and “transferred” assets beneath a circumstantial ineligible threshold and integer assets not supported connected its platform.
Celsius’s court-appointed examiner released a damning study astir the firm’s operations connected Jan. 31. The examiner said Celsius operated arsenic a Ponzi, adding that its utilized customers’ deposits to prop up its CEL token and enrich 2 of its founders.
The station Celsius publishes eligible users’ database for withdrawals appeared archetypal connected CryptoSlate.
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