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Celsius, a bankrupt lending platform, announced through a public letter and user emails last night that the platform will officially close on February 27, 2024. The distribution of remaining assets for claims is expected to be carried out through partners Coinbase and PayPal.
Celsius stated that in order to ensure a smooth process for claiming debts, creditors must ensure that the personal information in their Celsius account is up-to-date and matches the government-issued identification documents for verifying the identities of Coinbase and Celsius accounts. Additionally, the email address set for the Coinbase account by the creditor must also match the one set for the Celsius account. The email stated:
Celsius claims that once the above actions are completed, creditors only need to wait for the effective date of the claim, and the assets will be automatically distributed to their exchange accounts. However, the specific timing of the “effective date of the claim” has not been determined yet.
However, it should be noted that since Taiwan is no longer within the service range of Coinbase exchange, it may not be possible to complete the debt claim process through the above-mentioned method. Zombit has sent an inquiry to Celsius regarding this issue but has not received a response yet. According to Celsius’ “Distribution F&Q” article, creditors are unable to change or specify the distribution platform. If Coinbase is unable to complete the distribution, creditors may be designated to receive the claim funds through legal tender.
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