Bankrupt crypto lender Celsius Network, in a series of tweets published on 29 December, announced its plans to request an extension of the deadline for its users to submit their claims.

The current deadline of 3 January would be extended until at least 10 January, when the bankruptcy court will hear the motion. Then, if approved, the deadline would be extended until early February.

As of the time of writing, Celsius’ native token, CEL, exchanged hands at $0.4576, data from CoinMarketCap revealed. 

After the FTX debacle in early November caused the altcoin to close the trading month at an index price of $0.50, as FUD gradually left the market in early December, the price per CEL rallied to trade at a high of $0.76 on 8 December. This represented a 52% growth in price in just a week.

(By Abiodun Oladokun)