Celsius Claims Agent (2024)

FAQs

How do I know if I have a Celsius claim? ›

You will be notified directly via email once your Distribution Partner has been assigned. In the event you no longer have access to your email address associated with your Celsius account, please initiate a support inquiry.

Under current plans for Celsius customers', it's predicted that customers may get up to 80% of their funds back.

Filling out our webform at https://www.celsius.com/contact-us/

How much money can I get from the settlement? Anyone who purchased a can of Celsius during the class period can submit a claim for $1 per can. If you purchased Celsius powdered drinks, which are sold in packs of 14, you can claim $5 per box. If you have receipts for your purchases, the maximum you can claim is $250.

According to the court filing on the effective date (16 January 2024), everyone who had a Celsius earn account will receive 30.5% of their claim in BTC and 27.4% of their claim in ETH (no matter what asset you held on that platform). Prices on the effective date were $42,972.9948 for BTC and $2,577.4752 for ETH.

Taxability of Celsius Losses

Typically, you are required to dispose of your assets in order to claim any capital loss. For Celsius users, this means means that whether you can claim your Celsius gains or losses on your taxes depends on what assets you held in Celsius and whether you disposed of them.

Celsius creditors can login to PayPal (click here for PayPalOpens in a new window) or Venmo (click here for Venmo using your mobile deviceOpens in a new window), enter their unique claim codes provided by Celsius , and follow the on-screen instructions to receive their distributions of Bitcoin (BTC) and Ethereum (ETH).

The first set of prices is determined by the “petition date,” or the date that Celsius filed for bankruptcy, which is July 13, 2022, while the second is the “effective date” for distributions, which is Jan. 31, 2024. The petition date price for Bitcoin is $19,881, and for Ether it is $1,088.17.

Bankrupt cryptocurrency lending platform Celsius has started withdrawals for select users in a crucial development for the company and its clients amid financial instability and legal issues.

This email will come from either "claims@distributions.celsius.network" or "no-reply@cases-cr.stretto-services.com." Each cryptocurrency asset associated with your claim distribution will have a unique claim code, for instance, one claim code for BTC and one claim code for ETH.

What's happening with Celsius? ›

Celsius intends to wind down its own operations as part of its emergence from bankruptcy. It shut down its mobile and web apps on February 29, 2024.

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. Click “Redeem Claim Code” and follow the instructions.

The eligibility criteria for you to qualify and get a 1099-MISC report from Celsius is that you need to be a US individual that earned $600 or more in a given tax year. If you did not earn that amount, then you do not qualify for getting this tax report.