Celsius, la plataforma de préstamos de criptomonedas, retirará su apuesta de 470 millones de dólares en Ethereum en medio de esfuerzos de reestructuración. La noticia ha generado preocupaciones en el mercado, ya que algunos inversores temen que la medida pueda afectar negativamente al precio de Ethereum.La medida se produce después de que Celsius pagara 41,2 millones de dólares a Maker Protocol, una plataforma de finanzas descentralizadas (DeFi), para saldar todas sus deudas. Aunque la medida puede ser vista como una señal positiva de que Celsius está tomando medidas para reestructurarse, algunos inversores están preocupados por el impacto que la retirada de la apuesta de Ethereum podría tener en el mercado.Celsius ha sido una de las plataformas de préstamos de criptomonedas más populares en el mercado, y ha atraído a muchos inversores debido a sus altas tasas de interés. Sin embargo, la plataforma ha estado bajo escrutinio en los últimos meses debido a preocupaciones sobre su modelo de negocio y su capacidad para mantener sus altas tasas de interés.#Celsius #Ethereum #Criptomonedas #Finanzas #Inversión #Mercado #Tecnología #Blockchain #DeFi #Celsius #Ethereum #Criptomonedas #Finanzas #Inversión #Mercado #Tecnología #Blockchain #DeFi #Préstamos

#Celsius Network, facing financial difficulties, has submitted a proposal to recover funds from users who withdrew significant amounts - over $100,000 - in the three months prior to the company's bankruptcy declaration.
Call for Creditors to Return Funds
Creditors of Celsius, who withdrew large sums from the platform before its bankruptcy, might be compelled to return a portion of these funds. This requirement applies to those who made withdrawals exceeding $100,000 within the 90-day period before the official bankruptcy declaration on July 13, 2022.
 Conditions for Repayment and Settlement Option
The bankruptcy administrators of Celsius indicate that account holders who withdrew more than $100,000 and meet certain criteria can settle their debt by paying 27.5% of the withdrawn amounts by January 31, 2024. These users should submit a confirmation form of their intent to pay by no later than January 25.

Screenshot from notice to Celsius account holders Case No. 22-10964. Source: Stretto
 Consequences for Those Who Do Not Settle Their Obligations
Users who choose to settle will receive protection from legal disputes and will be entitled to a share according to the company's reorganization plan. Conversely, those who do not settle may face legal actions from the bankruptcy administrators to recover the withdrawn funds.
 Further Steps and Plans of Administrators After Bankruptcy
If a settlement agreement is not reached by January 31, 2024, the administrators plan to resolve this situation through legal disputes. Already in November 2023, the administrators allowed some participants to withdraw a portion of their held cryptocurrencies.
 In November 2023, the firm also announced a new post-bankruptcy strategy focused on #Bitcoin mining. This strategy was approved by the judge presiding over the bankruptcy proceedings in December, indicating a new direction and a potential path to recovery following bankruptcy.
#crypto #cryptocrurrency  
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Canadian government stated in a new 2023 budget plan that federally regulated pension funds in the country would be required to notify the Office of the Superintendent of Financial Institutions (OSFI) about their exposure to #crypto assets.

The government is attempting to protect Canadians' retirement benefits in the aftermath of several high-profile financial bankruptcies affecting pension funds. It includes the recent #FTX crypto exchange and #Celsius Network failures.

Simon Dixon, CEO of BnkToTheFuture, commented on the new regulatory requirement on Twitter. He claimed that Canadian pension funds are suffering from "Crypto PTSD" (post-traumatic stress disorder) as a result of their investment in the Sam Bankman-Fried-led FTX exchange after suffering significantly from the collapse of Celsius.

Notably, the Ontario Teachers' Pension Plan wrote down the entire $95 million investment in FTX, effectively reducing the investment's value to zero. Other Canadian pension funds, such as the Caisse de dépôt et placement du Québec (CDPQ) in Quebec, had previously written off a $150 million investment in Celsius Network, implying that it no longer expected to recover that investment.

After months of litigation, Celsius recently announced that it had reached a settlement with the Custody Ad Hoc Group and the UCC. The settlement will allow eligible account holders to opt-in and reclaim the majority of their digital assets from the Custody Program. Notably, those who opt in will eventually receive 72.5% of their digital assets back.

This news is republished from https://coinaquarium.io/