TechFlow News — Celsius, the crypto lending platform, has tweeted an update regarding the upcoming withdrawal process for certain assets held in custodial accounts. For security and regulatory reasons, eligible users will be required to update their Celsius accounts with certain required information before any withdrawals can be processed. At this stage, qualified custodial users will be able to withdraw approximately 94% of their eligible custodial assets. Whether the remaining 6% of assets can be withdrawn by eligible users will be determined by the court at a later date.
Eligible users will also receive specific details related to gas and transaction fees associated with the withdrawal activity. Qualified users whose accounts do not hold sufficient assets to cover these fees will not be allowed to withdraw their assets. Eligible users are expected to receive emails and notifications via the Celsius app around February 15.Original link
