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Crypto lending platform Celsius has reported that certain users will be able to take out 100% of their original funds more than 300 days after the platform froze withdrawals.<\/p>\n
In a May 4 announcement, Celsius said<\/a>\u00a0eligible users would be able to withdraw the remaining 6% of distributable custody assets from the platform following court approval. Until January, the same users, largely those who only ever held funds in custody accounts, had been limited to withdrawing up to 94% of their funds.<\/p>\n Earlier this year, the Court approved the distribution of the remaining 6% of Eligible Users\u2019 Distributable Custody Assets (pure custody and transferred custody below $7,575 at the time of transfer) for a total of 100% of Eligible Users\u2019 Distributable Custody Assets.<\/p>\n\n