Celsius authorized to return certain customer assets after court hearing

Celsius discussed the reopening of withdrawals for certain customers during its latest hearing on Dec. 7.

At our hearing yesterday, we discussed the reopening of withdrawals for certain customers. We are approaching customer recovery in stages and we are encouraged by yesterday’s progress.

— Celsius (@CelsiusNetwork) December 8, 2022

The Court authorized the return of “pure” and “transferred” Custody Account assets below a specific legal threshold, as well as digital assets not supported on the platform.

Celsius said it will communicate directly with customers to share more information and will continue to collaborate with key stakeholders in the case and remains committed to treating all similarly situated customers fairly.

More details to follow…

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