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Celsius Network to Return Only 22% of Customer Funds

1 min
Updated by Ryan James
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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

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Ryan James
Ryan Boltman is a dynamic and experienced professional with a rich background in marketing management, business development, and cryptocurrency journalism. With a BCOM in Marketing Management from the University of South Africa and an Honors in Business Management, Ryan has honed his expertise across multiple countries including South Africa, the USA, and the Netherlands. His career includes significant roles in customer success, sales management, and content creation within the blockchain...
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