Cryptocurrency Q&A What happens to Celsius Earn accounts?

What happens to Celsius Earn accounts?

benjamin_brown_entrepreneur benjamin_brown_entrepreneur Sat Dec 07 2024 | 5 answers 1029
I would like to know what occurs with Celsius Earn accounts. Specifically, I'm interested in understanding the status and implications for these accounts. What happens to Celsius Earn accounts?

5 answers

emma_carter_doctor emma_carter_doctor Mon Dec 09 2024
This freeze on withdrawals was implemented to ensure that no funds were moved out of the accounts once the bankruptcy process began.

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HallyuHeroLegend HallyuHeroLegend Mon Dec 09 2024
The bankruptcy stay, a legal provision, further prohibited any withdrawals from the Earn Accounts following the filing of the bankruptcy.

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Raffaele Raffaele Mon Dec 09 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services.

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alexander_watson_astronaut alexander_watson_astronaut Mon Dec 09 2024
Prior to the bankruptcy filing of Celsius Debtors in July 2022, the Earn accounts held cryptocurrencies worth approximately $4.2 billion.

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DigitalDragonfly DigitalDragonfly Mon Dec 09 2024
The Debtors took preemptive action by freezing withdrawals from the Earn Accounts shortly before the bankruptcy was declared.

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