Crypto lending firm Celsius, which emerged yesterday after years of manipulating client funds, is starting payments to a significant number of clients.
The 1420-page document, which was also approved by the Southern District Court of New York, states that a significant number of users whose assets remain on the platform will be able to start withdrawing their funds after making the necessary updates. In the file, in addition to the names and surnames of the users, it is also clearly seen how much of each cryptocurrency investment is left on the platform. These individuals will be able to withdraw 94 percent of their funds.
KYC and AML update required
In the statement, it is also stated that users who want to withdraw their funds can start the withdrawal process after making the necessary updates. While users must make KYC and AML updates, gas fees will also be paid by the person who will shoot. The person who has enough crypto money to cover the gas fee inside will have to deposit money on the platform for withdrawal.
The company also stated that there may be problems such as slowing down or stopping in the shooting processes due to the intensity to be experienced in the first place.
Documents about Celsius revealed yesterday that the company has been misusing customer funds for years. It was stated that the company manipulated the price of the CEL token through both open market and over-the-counter transactions, thus seeking to increase the assets of its founders and managers.
