Cryptocurrency custody service Prime Trust has announced it will return $17 million in tokens to landing platform Celsius Network, which is in the process of restructuring.
The assets will reportedly be sent to a separate Celsius wallet pending a court order regarding distribution.
The platform filed a lawsuit against Prime Trust on August 23 demanding to return around $17 million, which the custodian allegedly did not return.
According to the statement, the partners terminated the agreement in June 2021, but the defendant refused to transfer 398 BTC, 196,268 CEL, 3,740 ETH and $2.2 million. On October 20, the crypto custodian agreed to the demand.
