Odaily Planet Daily News: The liquidation supervisor overseeing Celsius Network requires major customers who withdrew a total of more than $2 billion before the platform filed for bankruptcy to return these funds to avoid potential lawsuits. A supervisory committee established in the Chapter 11 case of Celsius Bankruptcy Law has begun contacting customers who withdrew more than $100,000 from its platform before Celsius went bankrupt in July 2022. According to the letter sent by the committee to these customers, the assets recovered through this process will be used to repay creditors who have not withdrawn funds from Celsius. The committee stated that this asset recovery process will only affect about 2% of Celsius users, who withdrew a total of about 40% of the platform's assets within 90 days before Celsius filed for bankruptcy protection. Celsius stated when filing for bankruptcy that its company had approximately $6 billion in assets, 1.7 million registered users and 300,000 active users with account balances of more than $100. The commission said it would offer "preferential rates" to customers who might be the target of recovery lawsuits if they choose to settle; customers who choose not to settle could be forced to pay back much higher amounts through potential litigation. (Bloomberg)