Crypto Lender Celsius Opens Up Withdrawals for Certain Custody Accounts

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Crypto Lender Celsius Opens Up Withdrawals for Certain Custody Accounts
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Celsius secured approval to process certain withdrawals according to several U.S. court orders in January. In February, Celsius published a list of names of users who could withdraw assets locked on the platform, with the company saying at the time it had permission from the U.S. Bankruptcy Court in the Southern District of New York to distribute 94% of each user’s assets. Eligibility for withdrawals was dependent on certain criteria such as that transfers had to be less than $7,575 when they were originally made, the February document said, and users had to have enough assets on the platform to cover any withdrawal fees.

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