Celsius

Coin

<ul class="news-points"> 
 <li>Celsius unveils repayment plan for customers with claims following recent bankruptcy plans.</li> 
 <li>Customers with existing loans will have their debt removed from their collateral.</li> 
 <li>Customers who do not vote on the plans may miss out on some aspect of the repayment plans.&nbsp;</li> 
</ul> 
Defunct <a href="https://coinedition.com/tag/Celsius-cel/" rel="noopener noreferrer nofollow">cryptocurrency lending platform Celsius</a> has unveiled a repayment plan for its customers with existing claims, crypto analyst Aaron Benette reveals in a recent update. This move follows a recent court approval of its disclosure statement and voting plans. 
Details of the repayment plans reveal the company intends to pay back customers using <a href="https://coinedition.com/celsius-app-to-shut-down-firm-identifies-paypal-for-btc-distribution/" rel="noopener noreferrer nofollow">PayPal as a third-party agent.</a> Certain categories of customers will also be repaid back by Celsius within a set period of time. However, payments back will be made in either BTC or ETH. 
In addition, customers with loan claims are not required to offset their loans to be eligible for repayment. As provided in the repayment document, Celsius claims customer loans are “being forgiven.” While that might seem so, the reality is that existing loans are removed from collateral, and the balance is paid back to customers. 
At the present time, customers wh… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/celsius-unveils-repayment-plan-for-customers-following-court-approval/">Celsius Unveils Repayment Plan for Customers Following Court Approval</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Celsius Unveils Repayment Plan for Customers Following Court Approval

Coin Edition

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