- Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders.
- Celsius further declares that the custody account assets will not be released to “any current or former employees or insiders, or affiliates of any current or former employees or insiders”.
- The motion filed by Celsius further notes that the crypto lending company understands that some customers may not like the proposed relief given to custody holders.
Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers
