[ad_1]
Bankrupt crypto lender Celsius published his eligible username to withdraw 94% of their assets from its platform, according to a Jan. 31 court filing.
The published list contains the types of crypto assets owed to each customer and the amount.
The crypto lender emphasizes that eligible users must update their accounts with certain information before withdrawals can be processed. According to the court filing, the required information will be related to Anti-Money Laundering (AML) and Know Your Customer (KYC) policies and information about the address to which the withdrawal will be made.
Celsius said that a user may be prevented from withdrawing his assets if he does not have sufficient balance to meet the gas and transaction fees associated with withdrawal activity. It added that withdrawal requests may not be processed immediately given the high number of requests anticipated.
Celsius plans to reach eligible users as early as February 15th.
Meanwhile, bankrupt lenders say courts will determine whether eligible users can withdraw their 6% balance later.
On December 7, the lender was authorized to return its users’ “pure” and “transferred” assets under certain legal thresholds and digital assets not supported on its platform.
Court-appointed examiner Celsius released a damning report on the company’s operations on January 31. Examiner said Celsius was operating as a Ponzi, adding that customer deposits were used to shore up the CEL token and enrich its two founders.
[ad_2]
Source link
