Celsius Reopens Withdrawal For Selected Customers

Some selected customers of cryptocurrency lender, Celsius will begin accessing their funds.

 

The firm disclosed this in a blog post made earlier this week.

 

According to the firm, it will be allowing withdrawals of assets in certain custody accounts, up to a certain limit.

 

This development is coming months after it received approval from the US Bankruptcy Court in the Southern District of New York.

 

Celsius then published a list of names of users who could withdraw assets locked on the platform.

 

Celsius had based eligibility for withdrawals on certain criteria such as that transfers had to be less than $7,575 when they were originally made, the February document said, and users had to have enough assets on the platform to cover any withdrawal fees.

 

Recall that Celsius paused withdrawals last year, due to extreme market conditions.

 

 

 

 

 

 

 

 

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