Celsius Begins Allowing Withdrawals for Some Users with February Deadline

Celsius, the cryptocurrency lending platform that filed for bankruptcy in July 2022, has started allowing withdrawals for some of its users enrolled in the Custody Program. These users can withdraw 72.5% of their cryptocurrency holdings, but transaction fees will reduce this amount. The deadline for these transactions is February 28, and it is important to note that this opportunity is not available to customers who voted against the reorganization plan. Celsius has faced technical challenges during this process, and legal battles continue for its CEO, Alex Mashinsky.