FOLLOW US

Mon

June 8, 2026

And More September 4, 2022 2 mins read

Bankrupt Crypto Lender Celsius To Enable Withdrawals, Returning $210 Million To Users

And More ı By Rochdi Rais

0 Comments

Alex Mashinsky CEO of Celsius Network

Crypto lender Celsius Network will enable withdrawals for some of its customers, possibly returning $210 million to users locked out of their accounts this summer.

Celsius halted customer withdrawals in June, claiming it had been smashed by the massive crypto sell-off. It attempted to resume withdrawals afterward by raising money through a high-yield token, but eventually filed for bankruptcy in July.

However, a new court filing said the lender will allow withdrawals for customers who have custodial and withhold accounts, CoinDesk reported, noting about 58,300 users deposited over $210 million in those accounts.

"The Debtors' continued refusal to honor withdrawals of all Custody Assets has created tremendous hardship on their users as set forth in hundreds of letters filed on the docket and at hearings," the petition said, referring to letters sent to the Southern District of New York from Celsius customers. Many of them have expressed anger at being locked out of their accounts, and have pleaded to get their deposits back. 

Celsius owed $4.7 billion when it filed for bankruptcy. According to court filings, Celsius said the total value of its assets were only worth around $4.3 billion at the time it declared bankruptcy, around $17 billion less than what it reported in March of this year.

 

 

Previous Article

Hackers stole $185,000 Worth Of Ethereum from Bill Murray In a NFT Charity Auction

Read More
Rochdi Rais
2755 Posts

Rochdi Rais

Rochdi Rais is the Fractional Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America June 07, 2026
Skywatchers Events June 2026
By – Jackie Allen
Arizona January 11, 2025
Kelly Warner Law Firm Blames USA…

In what appears as a desperate attempt to defend multiple…

By – USA Herald
Arizona January 4, 2025
Aaron Kelly Law Firm Resorts To…

Attorney Aaron Kelly and his law partner Daniel Warner are…

By – Jeff Watterson
Arizona December 12, 2024
Arizona Bar Opens Investigation on Attorney…

USA Herald recently reported on a developing story involving Attorneys…

By – Paul O'Neal
America June 6, 2026
Karen Read Walks Free From Murder…

By Samuel López | USA Herald Karen Read beat the…

By – Samuel Lopez
America June 6, 2026
Nichelle Nichols’ Final Mission Ends in…

By Samuel López | USA Herald The woman who helped…

By – Samuel Lopez
America June 6, 2026
India Police Raid Uncovers 100,000 Fake…

Indian law enforcement has seized more than 100,000 counterfeit credentials…

By – Samuel Lopez
America June 6, 2026
Domestic Violence Deaths Remain High as…

Domestic Violence continues to claim lives across the United States…

By – Jackie Allen
America June 6, 2026
Qreiya 3 Fossil Discovery: Ancient Oceans…

Qreiya 3 is a remarkable fossil site which is providing…

By – Jackie Allen
America June 6, 2026
Michael Jackson And the Verdict That…

By Samuel López | USA Herald On June 13, 2005,…

By – Samuel Lopez
America June 6, 2026
Michael Jackson And the Verdict That…

By Samuel López | USA Herald On June 13, 2005,…

By – Samuel Lopez
America June 6, 2026
Lawyers Behind Los Angeles’ Massive $4-Billion…

By Samuel López | USA Herald The lawyers who helped…

By – Samuel Lopez
America June 6, 2026
Trump Pardons Convicted Insider Trader and…

By Samuel López | USA Herald The ink was barely…

By – Samuel Lopez
America June 5, 2026
Cannabis Giants Hit with Sweeping Class…

A major class action filed May 4, 2026, accuses five…

By – Samuel Lopez
America June 5, 2026
Elevated Safety Posture Ordered for NASA…

An Elevated Safety Posture has been ordered for astronauts aboard…

By – Jackie Allen
America June 5, 2026
Taylor Swift’s Net Worth Reaches $2…

Taylor Swift’s net worth has climbed to an astonishing $2…

By – Jackie Allen
America June 5, 2026
Taylor Swift’s Net Worth Reaches $2…

Taylor Swift’s net worth has climbed to an astonishing $2…

By – Jackie Allen
America June 4, 2026
Mysterious Death of Former Los Alamos…

The Mysterious Death of former Los Alamos National Laboratory employee…

By – Jackie Allen
America June 2, 2026
Operation Iron Pursuit Leads to Hundreds…

Operation Iron Pursuit continues to generate significant results in the…

By – Jackie Allen
America June 2, 2026
Josh Duggar Appeal Denied as Convicted…

Josh Duggar remains behind bars after a federal judge denied…

By – Jackie Allen
America June 1, 2026
Sleeping Dog Documentary Chronicles Jeremy Corbell’s…

The new documentary Sleeping Dog arrives at a pivotal moment…

By – Jackie Allen
America June 1, 2026
Rare Blue Micromoon Lights Up the…

Skywatchers are in for a unique celestial event as a…

By – Jackie Allen
America June 1, 2026
Rare Blue Micromoon Lights Up the…

Skywatchers are in for a unique celestial event as a…

By – Jackie Allen
America May 31, 2026
Murder-for-hire Ends with Life Sentence for…

A shocking Murder-for-hire case that spanned multiple states has concluded…

By – Jackie Allen
America May 31, 2026
Frank Lloyd Wright and the Taliesin…

In The Killer and Frank Lloyd Wright, veteran true-crime author…

By – Jackie Allen
America May 30, 2026
Hollywood at a Crossroads: Spencer Pratt…

Los Angeles has its primary election this Tuesday, and the…

By – Jackie Allen
America May 30, 2026
Hayden Panettiere has a Memoir About…

Hayden Panettiere is revealing the emotional toll of growing up…

By – Jackie Allen
America May 29, 2026
Blue Origin Rocket Explodes in Massive…

Blue Origin suffered a major setback Thursday night when one…

By – Jackie Allen
Entertainment June 6, 2026
Resident Evil: Veronica: Why the 2027…

             If you were watching…

By – Tyler Brooks
Entertainment June 5, 2026
50 Cent Reacts to Alleged Diddy…

A newly circulated alleged s*x tape involving Sean “Diddy” Combs…

By – Tyler Brooks
Entertainment June 5, 2026
Rachel Nickell Murder: The True Story…

More than three decades after the murder of Rachel Nickell…

By – Tyler Brooks
California News June 3, 2026
Bakersfield Bomb Threat Standoff: FBI Assumes…

BAKERSFIELD, California — A massive multi-agency police response completely locked…

By – Tyler Brooks
America June 2, 2026
Federal Judge Lets ’86 47′ Flag…

An Obama-appointed judge just ruled a political group can keep…

By – Samuel Lopez
Entertainment June 2, 2026
The Diddy Fallout: Cassie Fights Back…

As Sean “Diddy” Combs serves time behind bars, the shockwaves…

By – Tyler Brooks
Health June 1, 2026
New Pill Doubles Survival for Pancreatic…

Pancreatic cancer pill doubles life to 13 months By Tyler…

By – Tyler Brooks
California News May 31, 2026
FDA warns public as cookie firm…

FDA warns public as cookie firm rejects urgent recall request…

By – Tyler Brooks
Health May 31, 2026
Trump orders CDC to slash childhood…

Trump orders CDC to slash childhood vaccines from 17 to…

By – Tyler Brooks
Health May 30, 2026
USDA warns Americans over Salmonella in…

USDA warns Americans over Salmonella in meat products By Tylor…

By – Tyler Brooks
America May 28, 2026
Alien Coneheads: New DNA Study Doesn’t…

The mystery surrounding the so-called Alien Coneheads of Peru has…

By – Jackie Allen
America May 28, 2026
GKN Aerospace’s Biggest Battle May Not…

By Samuel López | USA Herald The immediate danger of…

By – Samuel Lopez
Sports June 5, 2026
2026 Stanley Cup Final Game 2:…

2026 Stanley Cup Final Game 2: A Thrilling Comeback The…

By – Tyler Brooks
High Profile Court Cases May 31, 2026
Supreme Court signals 27 states could…

Supreme Court signals 27 states could ban trans female athletes…

By – Tyler Brooks
Sports May 31, 2026
Mauricio Pochettino sounds alarm on Chris…

Mauricio Pochettino sounds alarm on Chris Richards injury By Tylor…

By – Tyler Brooks
International May 30, 2026
USMNT star Chris Richards tears two…

USMNT star Chris Richards tears two ankle ligaments By Tylor…

By – Tyler Brooks
America May 28, 2026
“Money” Mayweather Tucks Tail: $100 Million…

Floyd Mayweather has beaten every opponent who ever climbed into…

By – Samuel Lopez
America May 27, 2026
Mackenzie Shirilla Sent Text Messages to…

Mackenzie Shirilla is once again at the center of public…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter