Celsius Network to Return Only 22% of Customer Funds

1 September 2022, 20:10 GMT+0000
Updated by Ryan James
1 September 2022, 20:10 GMT+0000
In Brief
  • Celsius Network has agreed to give back a small portion of custodial funds to its users.
  • The bankrupt crypto platform currently holds approximately $200 million in user funds.
  • No further funds have been announced for release at this time.
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Celsius Network has announced that it will be returning roughly $48 million back to customers in a recent court filing.

The recent court filing indicates that Celsius Network LLC. will agree to return $48 million, or 22% of its current assets being held, back to customers of the now bankrupt platform.

This is a developing story


BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.