Celsius

Coin

<ul class="news-points"> 
 <li>Celsius will be pursuing retail clawbacks from their customers who withdrew their assets before the bankruptcy date.</li> 
 <li>Clawbacks could cause severe damage to centralized exchanges, according to a crypto influencer.</li> 
 <li>Seven members of Celsius’s new board of directors have been revealed.</li> 
</ul> 
<a href="https://coinedition.com/tag/celsius-cel/" rel="noopener noreferrer nofollow">Celsius Network</a>, the bankrupt crypto lending platform, would be pursuing retail clawbacks against their customers who withdrew from the platform before the bankruptcy date. Crypto influencer Aaron Bennet shared the news on X. 
Clawbacks are used to recover funds or assets from retail customers who withdrew their money or assets from a company before it declared bankruptcy. The influencer stated that if this happened, centralized exchanges, with Coinbase being a notable example, could be severely damaged. 
Bennet shared frustration with the news and questioned the reason for holding any crypto if there’s a chance it could be retrieved forcefully. He said, “Why would anyone keep ANY crypto if it can all be forced to be sent back due to bankruptcy?” 
In the tweet, Bennet shared a source that detailed the potential customer preference claims prior to the petition date. It sa… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/celsius-to-retrieve-customers-withdrawn-crypto-assets/">Celsius to Retrieve Customers’ Withdrawn Crypto Assets</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Celsius to Retrieve Customers’ Withdrawn Crypto Assets

Coin Edition

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