Celsius Network to restart withdrawal of distributable assets for eligible users

On February 15, the crypto lending platform Celsius Network tweeted that the withdrawal of distributable assets in some custody accounts was about to be restar…

Celsius Network to restart withdrawal of distributable assets for eligible users

On February 15, the crypto lending platform Celsius Network tweeted that the withdrawal of distributable assets in some custody accounts was about to be restarted, and Celsius began to notify eligible users to take the necessary steps to withdraw. Eligible users will also receive specific information about gas and transaction costs related to cash withdrawal activities. Qualified users who do not have enough assets in their accounts to pay these fees will not be allowed to withdraw their assets. Eligible users are expected to receive e-mails from Celsius and notifications issued by Celsius applications around February 15.

Cersius Network starts to notify qualified users to extract the managed assets

Analysis based on this information:


The crypto lending platform Celsius Network recently announced on February 15 that they will restart the withdrawal of distributable assets in some custody accounts, and eligible users will receive notifications to take the necessary steps to withdraw. The platform will also provide specific information on gas and transaction costs related to cash withdrawal activities.

However, qualified users who do not have enough assets in their accounts to pay these fees will not be allowed to withdraw their assets. Therefore, it is crucial for eligible users to check their account balance before attempting to withdraw their assets. Celsius Network expects to send out emails and notifications through their applications to eligible users on or around February 15.

The announcement suggests that Celsius Network is committed to providing a seamless and efficient user experience for its customers. By restarting the withdrawal of distributable assets, the platform is likely addressing any issues that may have caused delays or complications in the past. The notification of gas and transaction costs further shows that Celsius Network is transparent in its fee structure, ensuring users are fully aware of the cost associated with their transactions.

Moreover, there is a clear focus on the eligibility of users, which indicates that Celsius Network is implementing measures to ensure that users have met specific criteria before accessing their assets. This includes having enough assets in their account to pay necessary fees. By enforcing these measures, Celsius Network is prioritizing the security of assets and reducing the risk of fraud and theft.

In conclusion, Celsius Network’s announcement to restart withdrawal of distributable assets for eligible users demonstrates the platform’s commitment to providing a transparent and secure user experience. The notification of gas and transaction costs and the focus on eligibility further shows that Celsius Network is dedicated to ensuring that users have met specific criteria before accessing their assets.

Overall, the announcement is a positive development for Celsius Network’s users and the cryptocurrency industry as a whole as it increases confidence in the platform and its services.

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