Will people get their money back from Celsius?

As of January 31, 2024, Celsius Network initiated a process of issuing partial refunds to customers who had filed claims against the company. This marked a significant milestone in the ongoing efforts to provide relief to those affected by the company's financial difficulties.

For customers to be eligible for a refund from Celsius, they must have previously submitted a claim through the designated channels. This requirement ensures that only those who have a legitimate claim to compensation are included in the refund process.

To facilitate the receipt of their payout, eligible customers are required to have an active Coinbase account. Coinbase, a reputable cryptocurrency exchange, serves as a secure and efficient platform for the disbursement of funds.

The decision to utilize Coinbase as the medium for refunds underscores Celsius's commitment to transparency and efficiency in its efforts to resolve the situation. By leveraging a trusted third-party, Celsius is able to streamline the refund process and minimize potential delays or complications.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the diverse needs of its users. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, which enables advanced traders to speculate on future price movements.