Celsius Attends Hearings on October 6 and 7

Sept 15,2022
KingData News: Crypto-lending platform Celsius tweeted that it expects to begin the claims process soon, with the next court appearances scheduled for October 6 and October 7, 2022, and that the initial hearing will focus on several issues, including the approval of certain key elements of the claims process, and that discussions with other stakeholders regarding the reopening of certain escrow and hold account holders for re-withdrawals are expected at the October 7 hearing.
On June 13, digital asset lending platform Celsius Network announced that it would suspend all withdrawals, swaps and transfers between accounts due to extreme market conditions. On the same day, Etherscan data showed that Celsius transferred a total of approximately 111,815 ETH to FTX over the last three days. This indicator provides a real-time tracking of Celsius' funding crisis.
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