I have a friend who used Celsius and withdrew a significant amount of BTC and stablecoins after I told him to stop trusting that custodial yield stuff.

Apparently, as a result of the bankruptcy, there is a triggered portion of that settlement that anyone who had assets *90 days before bankruptcy* is now on the hook for paying back "higher level" creditors.

Now, there seems to be a collective freakout among those who withdrew their stuff before Celsius ever went bust, but they'll still have to cough up some of it to pay back other creditors.

Don't use these platforms! Self-custody only!