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

Disclaimer

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.