Bankrupt Digital Asset Lender Celsius Plans To Repay $2,000,000,000+ in Crypto to Creditors Before End of 2023
Bankrupt digital asset lender Celsius Network intends to start repaying creditors using billions of dollars in crypto assets before the end of the year. In a recent US bankruptcy court filing, Celsius has presented a restructuring plan that will generate funds for a new corporate spinoff, dubbed “NewCo,” and repay customers. Says the filing, “Notably,...