Celsius Resumes Withdrawals for Eligible Users After Court Approval

Celsius Takes Steps After Chapter 11 Bankruptcy

Crypto lender Celsius reopens withdrawals for "Eligible Custody Users" following court approval of restructuring. The move comes after Celsius filed for Chapter 11 bankruptcy in July 2022.

Eligible clients can withdraw around 72% of their crypto assets until February 28, 2024. Bids for Celsius claims on Claims Market are at $0.38, urging clients to withdraw assets before the limited-time app closure.