According to Foresight News, according to The Block, the official committee of Celsius unsecured creditors said that the proposed transaction to NovaWulf Digital Management is the "best" option, and smaller creditors will recover 70% of the funds, while larger creditors will receive tokenized shares in a new entity managed by NovaWulf. Celsius received a total of 9 acquisition offers and 40 letters of intent, saying that "while the committee will consider all options until the plan is confirmed and effective, the committee also believes that the NovaWulf transaction is currently the best and viable alternative."
Foresight News previously reported that Celsius reached an agreement in principle with NovaWulf, the sponsor of the sale plan, and creditors will receive cryptocurrency distributions and equity tokens.
