{"id":574745,"date":"2022-09-02T09:38:47","date_gmt":"2022-09-02T08:38:47","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=574745"},"modified":"2022-09-02T09:42:18","modified_gmt":"2022-09-02T08:42:18","slug":"celsius-network-files-to-return-a-portion-of-funds-back-to-its-users","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/celsius-network-files-to-return-a-portion-of-funds-back-to-its-users\/","title":{"rendered":"Celsius Network Files To Return A Portion Of Funds Back To Its Users"},"content":{"rendered":"\n
In the filing filed with New York Bankruptcy Court, the troubled crypto lender stated that it seeks to return 22% of the funds to its users, which amount to nearly $48 million by reopening its withdrawals for a brief amount of time. <\/p>\n\n\n\n
Celsius Network Is Returning Funds To Its Users. <\/strong><\/p>\n\n\n\n Celsius Network, the embattled crypto lender has filed another court filing<\/a> with the US bankruptcy court. Per the new filing, the troubled crypto lender platform seeks permission to release $48 million worth of funds that are locked in the firm’s custody accounts. These custody accounts were designed by the firm to act as storage wallets rather than wallets that accrue returns. Per the official court documents, the hearing for the same is scheduled to be conducted on October 6.\u00a0<\/p>\n\n\n\n