On 21 March, cryptocurrency lending platform Celsius Network [CEL] received approval from the bankruptcy judge overseeing its bankruptcy case for a settlement agreement between the company, its debtors, the official committee of unsecured creditors, an ad hoc group of custodial account holders, and any non-withdrawal custody account holders. 

Per the settlement agreement, custody account holders on the platform who decide to opt in may recover 72.5% of their cryptocurrency holdings. The settlement agreement will indemnify Celsius Network against any future claims by any custody account holder agreeing to recover 72.5% of their crypto holdings. 

(By Abiodun Oladokun)