The company’s motion to reopen withdrawals would only apply to customers holding “pure custody assets,” which Celsius has failed to define. The objection claims that distributing funds to a limited group of customers without a full understanding of the company’s crypto holdings, its debts and the transfers between its various accounts and subsidiaries could “inadvertently impact or limit distributions to other creditors.”
Bitcoin Hits $71K as Ether ETF Hopes Build
ETH has been buoyed by favorable regulatory developments that seem to indicate increasing chances of spot ether ETFs being approved...