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Celsius Releases Update on Rewards And Bonuses For Certain Customers

1y ago
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  • Celsius recently addressed the rewards, bonuses, and promotions for customers.
  • The bankrupt crypto lender stated that customers have no control over these rewards paid between the pause date and the bankruptcy filing date.
  • Celsius also stated that they refreshed all data based on data validations.

Bankrupt cryptocurrency lender Celsius recently stated in a tweet that it will be reissuing and mailing 1099-MISC forms for certain customers in the coming days.

Celsius mentioned in the tweet that it was revisiting its tax compliance reporting obligations. It determined that customers didn’t have control over rewards, promotions, and bonuses that were paid between the pause date and the Chapter 11 bankruptcy filing date.

As a result of this determination, Celsius updated all pertinent data through data validations and adjusted the dates utilized in the initial calculation of reward payments for 2022 from July 14, 2022, to June 12, 2022.

Celsius has indicated that due to these revisions, the rewards payments for custome…

The post Celsius Releases Update on Rewards And Bonuses For Certain Customers appeared first on Coin Edition.

1y ago
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bearish:

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