Celsius Claims Agent (2024)

FAQs

Will people get their money back from Celsius? ›

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. Eligible to receive a refund from Celsius?

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.

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.

To receive Settlement benefits, you must complete and submit a Claim Form. Claim Forms can be submitted electronically or mailed to the Class Administrator.

The 1099-MISC report is a document that refers to the returns you have received throughout the year, other than your salary. Celsius provides you 1099s if you earned $600 or more in a given tax year. That report will be made available to you by February 1.

Yes. In the United States, cryptocurrency — on Celsius and other platforms — is subject to income and capital gains tax. This applies to any taxable income earned prior to and after the Celsius bankruptcy. For more information, check out our complete guide to cryptocurrency taxes.

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.

Becoming an Ambassador

Get exclusive access to upcoming Celsius news, ambassador promotions and contests, and the Celsius team. As an ambassador, you'll have the opportunity to make some extra cash as well!

Price of CEL today

The live price of Celsius is $ 1.310075 per (CEL / USD) with a current market cap of $ 49.42M USD. 24-hour trading volume is $ 21.39M USD.

If you bought a Celsius drink or drink mix between January 1, 2015 and November 23, 2022, you are eligible for a payout. You will need proof of purchase, such as a receipt, to be able to receive up to $250. If you don't have proof of purchase, the company will still give you $20.

How will Celsius distribute money? ›

To receive your cryptocurrency distribution, please ensure you have an active account at PayPal or Venmo using the same personal information used for your Celsius account, including your Name and Date of Birth. Instructions on how to collect your claim distribution at PayPal or Venmo will be sent through email.

This is an uncommon kind of itemized deduction that must be claimed in the year of discovery, which would be 2023 for Celsius, so the deadline to claim would be within this tax return. This kind of loss allows a taxpayer to claim a 75% loss initially, and a further 25% once proceedings have come to a close.

On November 13, 2023, the bankruptcy court issued a written opinion supporting its confirmation decision by explaining why it valued the Celsius tokens (the “CEL Tokens”) – the digital assets offered to Celsius customers for using the Celsius platform – at $0.25 and why retail borrowers who deposited their digital ...

On June 12th, an email to all customers started off like this: Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.

Celsius was a global cryptocurrency platform and Bitcoin mining company that emerged from Chapter 11 bankruptcy on January 31, 2024. On February 29, 2024, the Celsius mobile and web apps were shut down, as a part of the winding down of its business operations, as detailed in the Plan of Reorganization.