Celsius, a defunct cryptocurrency lending platform, will begin processing customer withdrawal requests in the next few days. The firm started the day by disseminating a 1,400-page court document on Twitter, which said that the withdrawal would be for specific assets held in certain custody accounts.
Who can withdraw?
Before any withdrawals are performed, Celsius, whose បញ្ហា started in June 2022 amid the Bitcoin plunge witnessed then, will ask customers qualified for the service to update their Celsius account with certain needed information. This is done for both security and regulatory reasons.
In addition, consumers in this category are only permitted to take around 94% of their assets that are available for withdrawal from custody. In addition, it was said that the court would give a verdict on whether or not they would pay out the remaining balance later.
Source: https://crypto.news/celsius-allows-94-withdrawal-of-assets-for-some-customers/