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Bankrupt crypto lending firm Celsius Network said some of its clients that were using the Custody program could withdraw up to 94% of their eligible assets, Bloomberg reports.
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Celsius said in a court filing that users need “sufficient assets” in their accounts to cover withdrawal fees. Celsius’ representative Kirkland & Ellis LLP added that the remaining 6% will be later decided by the court, without elaborating on the matter.
In December last year, a US bankruptcy court ordered Celsius to return approximately $44 million worth of crypto back to clients, who stored their assets in custody accounts.
US Bankruptcy Examiner Says Celsius Faked Its Business Model
The order though doesn’t cover all the cryptocurrencies stored on Celsius’ balance. Besides a roughly $1.2 billion hole in its balance sheet, the now-bankrupt firm also owes its creditors around $4.7 billion. Celsius filed for bankruptcy under Chapter 11 of the US Bankruptcy Code in July last year. The company said the restructuring would help it “maximize value for all stakeholders.”
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Источник: ru.ihodl.com