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Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. Bankrupt cryptocurrency lender Celsius has opened withdrawals for eligible custody customers starting November 29, according to a statement on X (formerly Twitter). Beginning today, additional withdrawals for Eligible Custody Users are now available. Please note that the only assets currently available for withdrawal are certain Custody Assets; all other cryptocurrency remains unavailable for withdrawal at this time. — Celsius (@CelsiusNetwork) November 29, 2023 According to a court filing on November 28, “Celsius eligible custody users” are customers with “Class 6A General Custody Claims and/or Class 6B Withdrawable Custody Claim.” These users can withdraw 72.5% of their crypto holdings, excluding transaction fees, until February 28. However, only specific custody assets are currently available for withdrawal, while all other cryptocurrencies remain inaccessible. For a seamless process, Celsius urged users to withdraw their assets from the Celsius app and make personal records of any information they may find useful, emphasizing that the app will only be available for a limited time. We strongly encourage you to withdraw these assets from the Celsius app and take personal records of information you may find useful immediately, as the Celsius app will only be available for a limited time. — Celsius (@CelsiusNetwork) November 29, 2023 Despite these instructions, customers have encountered various issues during withdrawal attempts. A user on X, ChazzonKe, stated that the crypto lender platform had 17 months to prepare and launch a withdrawal access portal, yet customers are now facing difficulties logging into their accounts via the app. Hearing reports that social logins are having issues on the celsius app along with other login methods. Additionally, it seems transfers have already begun to get slowed down for "security" reasons. 17 months to prepare, and per tradition, they drop the ball. — Keith (@ChazzonKe) November 29, 2023 Celsius Newco Community also pointed out failed attempts to log in via Facebook. It is absolutely outrageous that Custody creditors with Facebook login will not be able to withdraw their digital assets today because the Celsius so-called developers are not able to fix it.@CelsiusUcc please do your job and demand an IMMEDIATE resolution and communicate daily… — Celsius NewCo Community (@CelsiusNewCo) November 29, 2023 Another Celsius customer expressed frustration on Reddit, reporting issues with the “send” page, which appeared blank and wouldn’t load. However, Celsius foresaw recent customer complaints related to withdrawal and login issues. The company’s court filing acknowledged their anticipation of a high volume of withdrawal requests. While committing to ensuring accurate and secure withdrawals, the platform noted that, due to the expected demand, not all withdrawals may be processed immediately upon request. Celsius Bankruptcy and Formation of Mining NewCo. In July 2022, Celsius filed for Chapter 11 bankruptcy protection, closely followed by the suspension of withdrawals on its platform. Moments ago, @CelsiusNetwork filed... https://cryptonews.com/news/defunct-c... #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple