Paxful to return lost Celsius funds to Earn users
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network's bankruptcy.
Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network's bankruptcy.
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Celsius users with funds held in its custody program have finally begun to withdraw funds, but users report delays due to a backlog of requests.
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The bankrupt lender is set to hold auctions for its assets in January, while it's been given the green light to return some customer funds.
The funds are made up crypto held within custody accounts on Celsius that had not been transferred from earn accounts.
The Texas Securities Board has asked the judge to consider leveling a cease-and-desist order, administrative fines, and forced refunds against SBF and FTX US.
The examiner revealed that Celsius’ digital assets in its customer’s Custody wallets account officially became underfunded on Jun. 11.