Celsius

<ul><li>Bankruptcy judge approves 72.5% settlement for Celsius custody account holders.</li><li>Customers accepting the condition will receive payment in two tranches of 36.25% each.</li><li>Accepting the settlement will mean losing the right to pursue further litigation.</li></ul>A United States bankruptcy judge, Martin Glenn, has approved the settlement agreement for <a href="https://coinedition.com/tag/celsius-cel/" rel="noopener noreferrer nofollow">Celsius</a> custody account holders to receive 72.5% of their crypto claims. There will be a review of the settlement agreement within 30 days, and customers who opt to go with it will receive payment in two tranches of 36.25% each, with the first payment coming up front, while the second tranche will be paid by the end of the year.According to reports, the settlement agreement comes with additional conditions, including the position that customers who accept the settlement will lose the right to pursue further litigation. The settlement provision does not cover Celsius’ employees and other insiders who may have played a role within Celsius.<a href="https://coinedition.com/judge-glenn-approves-72-5-settlement-on-celsius-custody-accounts/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Judge Glenn Approves 72.5% Settlement on Celsius Custody Accounts

Coin Edition

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