Bankrupt Celsius Likely to Reopen Withdrawals for Custody Account Holders, Files for Legal Permission

Celsius is looking to open withdrawal services for those users who held custody accounts on its platform. As per Celsius’ filing with the Bankruptcy Court for the Southern District of New York, around 58,300 users held ‘custody assets’ worth about $210 million (roughly Rs. 1,670 crore) on the Celsius platform as of August 29.