Bankrupt crypto lender Celsius will enable some “eligible users” to withdraw most of their funds from the platform. The defunct lending platform had “serious problems” dating back to at least 2020, according to a nearly-700-page examiner’s report created as part of its bankruptcy proceedings; the company reportedly used the same Quickbooks accounting software, aimed at small businesses, that ill-fated exchange FTX employed. Last week, reports surfaced that Celsius is exploring plans to issue a new crypto token to raise funds and repay its creditors.
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