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News Report

Celsius Network to Return Only 22% of Customer Funds

1 min
Updated by Ryan James

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

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

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