Celsius Customers Withdraw Funds After Bankruptcy

Celsius Customers Finally Access Funds

Celsius, a once-prominent crypto lending platform, has allowed some customers to withdraw their funds after a long hiatus. This development comes 263 days following the company's decision to freeze withdrawals, a move that preceded its bankruptcy filing.

Funds Released from Custody Accounts

Several users have reported through social media channels that they have successfully withdrawn their funds from Celsius' Custody accounts. This marks a significant moment for affected customers who have been waiting for months to regain access to their assets.

Withdrawal Process and Customer Reactions

Celsius communicated with eligible customers via email, informing them of the possibility to withdraw their funds. The reaction among users has been overwhelmingly positive, with many expressing relief and joy over the resolution of their long-standing financial uncertainty.

Processing Times and Customer Concerns

Despite the positive news, some customers have raised concerns about the withdrawal processing times. Discussions on platforms like Reddit reveal that the withdrawal requests might take several days to process, adding a layer of anxiety for those eager to finalize their transactions.

Overall, the ability for Celsius customers to access their funds marks a crucial step in resolving the financial challenges they faced due to the platform's unexpected withdrawal freeze. The ongoing processing times, however, indicate that patience is still required as the company works through these transactions.