Celsius Claims Agent (2024)

FAQs

How much will Celsius users get back? ›

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.

The company argued the citric acid was used for flavor and not as a preservative, but they still decided to settle the lawsuit. If you bought a Celsius drink or drink mix between January 1, 2015 and November 23, 2022, you are eligible for a payout.

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.

The settlement agreement will see KeyFi transfer tokens and hundreds of NFTs, including valuable tokens such as CryptoPunks and Fidenzas, to Celsius to be liquidated over the next 12 months in return for up to $800,000 and a rare NFT.

Where will you receive your Celsius refund? In March 2023, custody customers who qualified were able to start withdrawing BTC, ETH, and USDC from Celsius. Starting January 31, 2024, other customers who filed claims with Celsius began to receive partial refunds.

Eligible people can get hundreds of dollars in return, as long as you have receipts. People who purchased a can of Celsius during the eligible time period can receive $1 for each can, and people who purchased Celsius On-The-Go and Flo Fusion powdered drinks – typically sold in packs of 14 – can receive $5 per package.

Does that mean the NCAA Drug Testing Program bans athletes from consuming all caffeinated products, including those like CELSIUS Energy Drinks? No. It is important to understand that the NCAA Drug Testing Program does not consider an athlete to test positive for caffeine if consumed responsibility.

People claim the popular drink CELSIUS is putting them in the hospital with organ damage. There are also claims that it contains a highly toxic ingredient that can damage your liver. That ingredient is green tea extract, which can be found in many energy drinks.

A study done by the NCAA found Celsius to contain ginseng, guarana, L-carnitine and taurine, all of which are currently banned by the NCAA, the Olympic committee and even the World Anti-Doping Agency. Taurine is one of the main ingredients considered to be a performance enhancing substance.

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.

Why is Celsius getting discontinued? ›

Despite its popularity, the decision to no longer sell Celsius came after a highly caffeinated substance, guarana, was found in it. Guarana beans contain 2-8% caffeine, as opposed to 1-3% in coffee beans, meaning that a can of Celsius is the equivalent of four to five cups of coffee.

But, the ban stretches far beyond the NCAA; Celsius is also not approved by the Federal and Drug Administration (FDA) due to its use of guarana.

How does CELSIUS boost metabolism and burn calories? CELSIUS contains MetaPlus®, a proprietary blend that enacts thermogenesis to accelerate metabolism and increase caloric burn in conjunction with exercise.

The most recent product impacted by this recall is all flavors of the Celsius Energy Drink Mixes, which have 200 milligrams of caffeine per serving. Alongside Celsius, popular brands like 5-Hour Energy, Alani Nu, Red Bull, Monster, Prime and more are being recalled for their caffeine content.

Celsius will partially repay customers whose accounts have been frozen since the company filed for bankruptcy in July 2022, according to the opinion, in addition to repaying those customers through a combination of cryptocurrency and stock in the new company.

Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge. Should they opt in to the deal, Celsius customers cannot “pursue any litigation, including seeking relief from the automatic stay, turnover, or other claims or causes of action.”

Celsius Bankruptcy Ends With $3bn Payout To Creditors

Under the plan, Celsius will distribute more than $3bn of crypto and fiat currency to creditors whose assets have been tied up in the platform since its collapse in June 2022.

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.