The bankruptcy trustee of Celsius has requested creditors who made large withdrawals within 90 days prior to the bankruptcy to return a portion of the funds.
According to a notice released to creditors by the bankruptcy administrator of Celsius, anyone who withdrew more than $100,000 from Celsius in the three months prior to its bankruptcy must return a portion of the funds or face legal action. The notice states that affected accounts will soon receive instructions to pay back 27.5% of the withdrawals made during the affected period. If they comply with the rules, they will be eligible for future distributions under the restructuring plan. Additionally, users who withdrew less than $100,000 are not required to return any funds but still need to vote to accept the plan.