Celsius exits bankruptcy, commences return of over $3B to creditors

Cryptocurrency lending firm Celsius is set to start distributing $3 billion worth of crypto and fiat to creditors, along with launching a new Bitcoin mining firm. Celsius said Ionic Digitial will “continue to deliver recoveries to creditors,” and its stock is “expected to be publicly traded once the requisite approvals are received.”
Around 98% of Celsius creditors agreed to the bankruptcy exit plan, which comes over 18 months after it paused withdrawals in June 2022 and filed for bankruptcy a month later.

Celsius added it increased the amount of crypto available for distribution to creditors by around $250 million through “converting altcoins to BTC or ETH and through previous settlements.”#HotTopicDiscussion #NewYear2024 #ContentStar #Gateio10周年