According to a report by Bloomberg on March 20, Celsius’s bankruptcy supervision committee has begun contacting platform customers who withdrew more than $100,000 from the platform before the company’s collapse, with the purpose of clawing back those potential outflows to repay those who did not withdraw from the platform in a timely manner. Customers who make withdrawals. According to the trustee, the pursuit is expected to affect 2% of Celsius customers who collectively withdrew 40% of the company's assets in the 90 days before the company filed for Chapter 11 bankruptcy.
If customers affected by the recovery decide to settle, the Commission will offer a "favorable interest rate" and the company will take legal action if it does not assist in completing the funds recovery process. Additionally, clients who decide to settle will have their notional digital assets adjusted to the value in July 2022, the trough of the cryptocurrency bear market, meaning they will be able to retain any capital appreciation since the market recovered.
This article Celsius will recover a total of 2 billion mg from customers who withdrew before bankruptcy, and about 2% of platform users will be affected. First appeared in Zombit.
