Insolvent crypto lender Celsius has released the names of users eligible to withdraw 94% of their assets from its platform, according to court filings on Jan. 31.
The published list included the type and amount of crypto assets owed to each customer.
The cryptocurrency lender stressed that eligible users must update their accounts with certain information before they can process withdrawals. It relates to our Ring (AML) and Know Your Customer (KYC) policies, as well as information about your withdrawal destination address.
Celsius Said If the User does not have sufficient balance to meet the gas and transaction fees associated with the withdrawal activity, the User may not be able to withdraw their assets. He added that withdrawal requests may not be processed immediately due to the expected high volume of requests.
Celsius plans to contact affected users as early as February 15th.
Meanwhile, the bankrupt lender said the court would decide whether eligible users could later withdraw their 6% balance.
On December 7, lenders will have the power to return users’ “genuine” and “transferred” assets for amounts below certain legal thresholds and to return digital assets not supported by the platform. was given.
Celsius court-appointed investigators released a horrifying report on the company’s operations on January 31. Investigators said Celsius operated as a Ponzi, adding that it used customer deposits to underpin the CEL token and enrich its two founders.
