Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

by Aurelia Butler 9 November 2023, 21:00 169 Views

Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9 that the bankruptcy plan was approved by Celsius creditors overwhelmingly on Sept. 27. Under the plan, around $2 billion in Bitcoin (BTC) and Ether (ETH) will be redistributed to Celsius creditors along with equity in NewCo. The company has said it hoped to begin reimbursement of creditors by the end of the year.

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Source: Cryptocurrency - investing.com

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Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

Jay Powell warns Fed against risk of being ‘misled’ in inflation fight

NWSL announces media deals with CBS Sports, ESPN, Amazon worth $240 million

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