Celsius Claims Agent (2024)

FAQs

How do I get my money back from Celsius lawsuit? ›

People who purchased a can of Celsius during the eligible time period can receive $1 for each can, and people who purchased Celsius On-The-Go and Flo Fusion powdered drinks – typically sold in packs of 14 – can receive $5 per package. A valid receipt is required.

Please ensure you have fully verified your account and are capable of receiving crypto assets. To do this, review your Account Levels and verify Receive cryptocurrency is enabled. If you have questions about your claim, please review the Celsius Distribution FAQ for the latest information.

Burn note: Celsius files over 2,000 clawback actions

Celsius, which filed for bankruptcy on 13 July 2022, is relying on broad preference provisions under the US Bankruptcy Code to seek to avoid and recover from customers who made net withdrawals exceeding USD$100,000 in the 90 days prior to bankruptcy.

Where will you receive your Celsius refund? In March 2023, custody customers who qualified were able to start withdrawing BTC, ETH, and USDC from Celsius. Starting January 31, 2024, other customers who filed claims with Celsius began to receive partial refunds.

Celsius creditors can login to PayPal (click here for PayPalOpens in a new window) or Venmo (click here for Venmo using your mobile deviceOpens in a new window), enter their unique claim codes provided by Celsius , and follow the on-screen instructions to receive their distributions of Bitcoin (BTC) and Ethereum (ETH).

Anyone who purchased a can of Celsius during the class period can submit a claim for $1 per can. If you purchased Celsius powdered drinks, which are sold in packs of 14, you can claim $5 per box. If you have receipts for your purchases, the maximum you can claim is $250.

Taxability of Celsius Losses

Typically, you are required to dispose of your assets in order to claim any capital loss. For Celsius users, this means means that whether you can claim your Celsius gains or losses on your taxes depends on what assets you held in Celsius and whether you disposed of them.

Celsius Bankruptcy Ends With $3bn Payout To Creditors

Under the plan, Celsius will distribute more than $3bn of crypto and fiat currency to creditors whose assets have been tied up in the platform since its collapse in June 2022.

Contact Us

If you have a question, inquiry or complaint regarding the Site (or any service or Product), please contact Customer Service at legal@celsius.com.

Each email will contain a unique claim code with instructions for collection on the PayPal or Venmo platform. After logging in to your account at PayPal or Venmo, navigate to the “Crypto” section and find a section for users with a Celsius claim code. Click “Redeem Claim Code” and follow the instructions.

Has Celsius opened withdrawals? ›

Bankrupt cryptocurrency lending platform Celsius has started withdrawals for select users in a crucial development for the company and its clients amid financial instability and legal issues.

The settlement agreement will see KeyFi transfer a multitude of assets to Celsius, including wallets containing hundreds of different tokens and valuable NFTs, along with the $1.1 million proceeds of a Mutant Ape Yacht Club sale to billionaire Adam Weitsman currently held in escrow.

In an attempt to claw back money it can use to repay its creditors, failed crypto lender Celsius is suing thousands of former customers who pulled their assets from the platform within 90 days before it filed for bankruptcy. It's a standard but little-known play in bankruptcy proceedings.

Each email will contain a unique claim code with instructions for collection on the PayPal or Venmo platform. After logging in to your account at PayPal or Venmo, navigate to the “Crypto” section and find a section for users with a Celsius claim code. Click “Redeem Claim Code” and follow the instructions.