Crypto Lender Celsius Wins Court Approval for Customer Withdrawals, Flare Token Airdrop

What Happens to Celsius Creditors if Crypto Prices Recover?

Customers are allowed to withdraw funds transferred to the platform after the bankruptcy petition date in the form of crypto “net of any gas fees or transaction costs,” according to the order. The withdrawals will need to be approved by the appointed committee of creditors should the transfer amount exceed $40,000 (and the transferor received more than of $200,000 from Celsius during the three months leading up to the bankruptcy filing).

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