Celsius, the Cryptocurrency Lending Company: Creditors Must Return Partial Funds Exceeding $100,000 within 90 Days Prior to Bankruptcy
Cryptocurrency lending platform Celsius Network, which recently filed for bankruptcy, announced yesterday (9) through legal documents that it will demand partial repayment from creditors who withdrew over $100,000 within 90 days prior to the company’s bankruptcy. Failure to comply may result in legal action. Additionally, creditors who withdrew less than $100,000 are not required to repay but are still required to vote on the proposed plan.