Lawyers representing Celsius investors claim that Wintermute's trading activities manipulated the price of the CEL token and falsified the reported trading volume on the platform.
The Celsius Web Services (CWS) initiative, which Celsius Network offered to Goldman Sachs and ADQ, aimed to white-label its products, especially those with a yield and custody focus.
The account holder will receive their 72.5% claim in two distributions
The claimant is refrained from pursuing any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.
US Bankruptcy Judge has now approved a settlement allowing bankrupt Celsius Custody account users to claim 72.5% of their crypto holdings.