* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, May 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

    The viral wireless audio dongle for in-flight entertainment just got a big upgrade – and I love it – ZDNET

    Game-Changer for In-Flight Entertainment: The Upgraded Wireless Audio Dongle You’ll Love!

    Tahoe City Downtown Association opens 4th of July Entertainment Grant Program – Sierra Sun

    Celebrate Independence Day: Tahoe City Launches Exciting 4th of July Entertainment Grant Program!

    WEBTOON Entertainment Revolutionizes Webcomic Discovery with Innovative New Personalization Features and Product Updates – Business Wire

    Unlocking a New Era of Webcomic Discovery: WEBTOON’s Exciting Personalization Features and Updates!

    What does Gen Z consider entertainment? – The Drum

    Unlocking Gen Z’s Entertainment Preferences: What Captivates the Next Generation

    MSQ Sport + Entertainment appoints Steph Lund as North America CEO – Campaign US

    Steph Lund Takes the Helm as CEO of MSQ Sport + Entertainment in North America!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Technology is the key to empathy in insurance – InsuranceNewsNet

    Unlocking Empathy: How Technology is Transforming the Insurance Experience

    Technology – Inflexion

    Revolutionizing the Future: The Impact of Cutting-Edge Technology

    Outdated technology and stress-related absences contribute to Newark Airport chaos – Travel Weekly

    How Outdated Technology and Stress Are Fueling Chaos at Newark Airport

    Tech & AI LIVE London: Q&A with IBM’s Nabeel Nawaz – Technology Magazine

    Tech & AI LIVE London: Q&A with IBM’s Nabeel Nawaz – Technology Magazine

    Radar Technology Offers Contactless Vital Sign Monitoring for Rural Healthcare – AZoSensors

    Revolutionizing Rural Healthcare: How Radar Technology Enables Contactless Vital Sign Monitoring

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

    The viral wireless audio dongle for in-flight entertainment just got a big upgrade – and I love it – ZDNET

    Game-Changer for In-Flight Entertainment: The Upgraded Wireless Audio Dongle You’ll Love!

    Tahoe City Downtown Association opens 4th of July Entertainment Grant Program – Sierra Sun

    Celebrate Independence Day: Tahoe City Launches Exciting 4th of July Entertainment Grant Program!

    WEBTOON Entertainment Revolutionizes Webcomic Discovery with Innovative New Personalization Features and Product Updates – Business Wire

    Unlocking a New Era of Webcomic Discovery: WEBTOON’s Exciting Personalization Features and Updates!

    What does Gen Z consider entertainment? – The Drum

    Unlocking Gen Z’s Entertainment Preferences: What Captivates the Next Generation

    MSQ Sport + Entertainment appoints Steph Lund as North America CEO – Campaign US

    Steph Lund Takes the Helm as CEO of MSQ Sport + Entertainment in North America!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Technology is the key to empathy in insurance – InsuranceNewsNet

    Unlocking Empathy: How Technology is Transforming the Insurance Experience

    Technology – Inflexion

    Revolutionizing the Future: The Impact of Cutting-Edge Technology

    Outdated technology and stress-related absences contribute to Newark Airport chaos – Travel Weekly

    How Outdated Technology and Stress Are Fueling Chaos at Newark Airport

    Tech & AI LIVE London: Q&A with IBM’s Nabeel Nawaz – Technology Magazine

    Tech & AI LIVE London: Q&A with IBM’s Nabeel Nawaz – Technology Magazine

    Radar Technology Offers Contactless Vital Sign Monitoring for Rural Healthcare – AZoSensors

    Revolutionizing Rural Healthcare: How Radar Technology Enables Contactless Vital Sign Monitoring

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Celsius Network Allows Withdrawals for Qualified Custody Clients

December 1, 2023
in Business
Celsius Network Allows Withdrawals for Qualified Custody Clients
Share on FacebookShare on Twitter

Celsius also advised customers to make use of its mobile app for the withdrawal, stating the app would only be available for a limited time.

Bankrupt crypto lender Celsius Network has announced that some clients with custody assets can now make withdrawals from the platform.

Celsius which previously stopped withdrawals on its platform declared Chapter 11 bankruptcy in July 2022. Since then, many customers lost access to their assets. According to a court document, roughly 58,300 users hold “custody assets” valued at around $210 million on the platform.

Celsius’ Clients to Access About 72.5% of Funds

Per the new announcement, customers with Class 6A General Custody Claims and/or Class 6B Withdrawable Custody Claims can proceed to withdraw up to 72.5% of their claims.

However, clients who previously opted for custody settlement are exempted from the new deal. Likewise, customers who rejected the reorganization plan will not be eligible to make withdrawals. Instead, these customers will have their funds pooled into a segregated wallet managed by the Litigation Administrator over the following six months.

All customers who qualify for the withdrawals have till February 28 to complete their transactions. Celsius also advised customers to make use of its mobile app for the withdrawal, stating the app would only be available for a limited time.

Since the announcement, customers have reported varying degrees of technical issues. Customer complaints range from the inability to log into the app to the inability to request withdrawals. Others also reported failure to get confirmations for withdrawal requests.

Post-Bankruptcy Plans for Celsius Network

In other developments, a US bankruptcy court has approved the defunct’s organization plan to reorganize into a new entity called NewCo.

According to the approved plan, NewCo would concentrate on mining Bitcoin and collecting fees from staking validators. However, after further discussions with the SEC, NewCo has scaled back its post-bankruptcy business plans to focus only on Bitcoin mining. If this plan falls through, the firm will also consider an alternative plan for liquidation.

Again, NewCo plans to pursue litigation against its founder and former CEO Alex Mashinsky. Already, Mashinsky was sued by the SEC, FTC, and CFTC for misleading customers. He has been charged with seven counts of fraud, including securities fraud, wire fraud, and market manipulation. Unlike his former revenue officer, Roni Cohen-Pavon, who pled guilty to charges of fraud, Mashinsky maintains he is innocent of the charges. Consequently, he paid $40 million as bail. Mashinsky’s trial is set to commence in September 2024.

Blockchain News, Cryptocurrency News, News

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CoinSpeaker – https://www.coinspeaker.com/celsius-network-withdrawals-custody-clients/

Tags: businesscelsiusnetwork
Previous Post

Algorand Expands Its Presence in India with Key Partnerships

Next Post

The Big Risk Causing Investors to Shun China

Winner–loser plant trait replacements in human-modified tropical forests – Nature

May 8, 2025
WTMS Science & Social Studies wins State Championship at Academic Super Bowl Competition – Valpo.Life

WTMS Science & Social Studies Team Clinches State Championship at Academic Super Bowl!

May 8, 2025
Europe turns its back on the wolf and on science – WWF EU

Europe’s Struggle: Balancing Conservation and Controversy Over Wolves

May 8, 2025
Creative and Thoughtful Gifts for Mom – WCPO 9 Cincinnati

Heartfelt and Unique Gift Ideas to Delight Mom

May 8, 2025
Geophysicists pinpoint location of Yellowstone magma reservoir – Physics World

Geophysicists Uncover the Hidden Secrets of Yellowstone’s Magma Reservoir!

May 8, 2025
Economy: China Extends A Hand To The U.S…. But At What Cost? – Cointribune

China Reaches Out to the U.S.: What Are the Hidden Costs

May 8, 2025
Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

May 8, 2025
Sonde Health and Saaya Health Forge Strategic Partnership to Improve Workforce Performance and Wellness for Blue-Collar Enterprises – Business Wire

Transforming Blue-Collar Workplaces: Sonde Health and Saaya Health Join Forces to Boost Performance and Wellness

May 8, 2025
Friedrich Merz calls for US to ‘stay out’ of German politics – The Guardian

Friedrich Merz Urges the US to Keep Its Distance from German Politics

May 8, 2025
Update On How Centers Of Platform Gravity Are Shaping The Cybersecurity Technology Market – Seeking Alpha

How Centers of Platform Gravity Are Transforming the Cybersecurity Technology Landscape

May 8, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (592)
  • Economy (603)
  • Entertainment (21,516)
  • General (15,209)
  • Health (9,646)
  • Lifestyle (608)
  • News (22,149)
  • People (606)
  • Politics (610)
  • Science (15,825)
  • Sports (21,113)
  • Technology (15,593)
  • World (593)

Recent News

Winner–loser plant trait replacements in human-modified tropical forests – Nature

May 8, 2025
WTMS Science & Social Studies wins State Championship at Academic Super Bowl Competition – Valpo.Life

WTMS Science & Social Studies Team Clinches State Championship at Academic Super Bowl!

May 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version