Cryptocastodian Prime Trust will return Celsius Network $ 17 million in tokens

The Prime Trust cryptocastodian pledged to return $ 17 million in the tokens of the Landing Platform Celsius Network, which is in the process of restructuring. About this writes Coindesk.

Assets will be sent to a separate Celsius wallet in anticipation of a court order regarding the distribution.

On August 23, the platform filed a lawsuit against Prime Trust demanding to give ~ $ 17 million, which Castodian allegedly did not return.

The statement says that the partners terminated the agreement in June 2021, but the defendant refused to transfer 398 BTC, 196 268 Cel, 3740 ETH and $ 2.2 million. On October 20, Cryptocastodian agreed with this requirement.

Recall, on June 13, Celsius Network suspended the withdrawal OpenEthereum is of funds, exchange and transfers between accounts. A month later, July 14, the platform and some of her “daughters” submitted a bankruptcy petition.

In the same month, the company presented a plan for a business reorganization focused on a mining unit.

According to the latest rating, the “hole” in the balance of Celsius Network amounted to $ 2.85 billion.

In September, CEO of the company Alex Mashinsky presented a plan to save the company from bankruptcy, according to the media. He later left his post.

FORKLOG previously said that Celsius Network is considering the release of wrapped tokens as part of a restructuring plan.

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