Celsius publishes list of users eligible to withdraw majority of assets
Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data. Bankrupt cryptocurrency lending firm Celsius had come up with a withdraw al process for users who had their crypto in its custody when it stopped withdraw als in June 2022. Celsius released an official update on upcoming withdrawals on Jan. 31, providing the list of users that will be eligible to withdraw approximately 94% of eligible custody assets. The firm laid out the process in a 1,411-page court filing with the United States Bankruptcy Court for the Southern District of New York, listing the full names of all the eligible users alongside the type and amount of debted crypto assets. Celsius stressed that eligible users will be asked to update their Celsius account with certain required information prior to any withdrawals being processed. The requested information includes customer data related to Anti-Money Laundering and Know Your Customer policies ...