Bankruptcy Court Approves Celsius Asset Vote and Settlement Talks

New Yorks Southern District Bankruptcy Court, presided over by Judge Martin Glenn, recently gave the green light for beleaguered crypto lender Celsius to initiate balloting. This will allow its clientele to voice their opinions on an emerging settlement plan. The blueprint of this plan involves a group known as Fahrenheit acquiring Celsius assets to establish a fresh enterprise. This nascent entity will be tasked with distributing the assets previously held by Celsius. Additionally, it will share its equity with Celsius customer base. Bloomberg shed light on the potential value of the...

source: https://tokenpost.com/Bankruptcy-Court-Approves-Celsius-Asset-Vote-and-Settlement-Talks-10521

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