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Celsius Expect To Start Claiming Process, To Reopen Withdrawal

September 15, 2022
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Celsius is looking forward to the upcoming Claims process. The issues to be discussed at the first hearing will include approval of several key elements of the Claims process. Besides, the company will also accelerate the process of reopening withdrawals for their customers.
celsius
Celsius Expect To Start Claiming Process, To Reopen Withdrawal 3

Celsius shared in a recent series of tweets that they are looking forward to the upcoming Claims process. Their goal is to make the whole process simple and understandable for all customers. Meanwhile, this lending platform said that their next hearings are scheduled for October 6 and 7.

At our hearing today and throughout our case, Celsius continues to engage with the Unsecured Creditors Committee and U.S. Trustee to make meaningful progress on our efforts to maximize value for all customers and ensure transparency in our case.

— Celsius (@CelsiusNetwork) September 15, 2022

The matters to be discussed at the first hearing will include approval for certain key elements of the Claims process. At the October 7th hearing, Celsius plans to advance discussions regarding the reopening of withdrawals for certain of its Custody and Withhold account holders with the other stakeholders.

As updated in an earlier Coincu News article, Celsius’s CEO is planning to revive the company after the crypto crash. According to the plan, the company will focus on custody after returning to operation. This plan is receiving negative reactions from the community.

Celisus

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Tags: # CryptocurrenciesbankruptcyBlockchainCelsiusClaims processcryptohearinglending platformwithdrawals
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