It has now been more than one year since crypto lender Celsius Network filed for bankruptcy, leading to a rollercoaster 13 months for investors so far. However, there may finally be an end in sight for users who have their funds stuck on the platform as it looks like Celsius is getting ready for fund distribution.
Celsius Network Asks Investors To Update Information
In an email that was sent out on Thursday, August 24, Celsius Network has requested that users update their Know Your Customer (KYC) information on the app. The reason for this, the company said, was to prepare for when the court approved the distribution of the assets that it has been able to recover in the course of its bankruptcy proceedings in the last year.
The KYC re-verification requires users with valid claims to submit their government identity cards (IDs) as well as update their personal information on the app if and where necessary. This is likely an attempt…
