Recently, Celsius Network stated in a statement that the $4.7 billion settlement agreement reached with the U.S. Federal Trade Commission will not affect its restructuring or recovery of assets for customers. Celsius emphasized that it “remains committed to the successful execution of the Chapter 11 plan.”

It is worth noting that Celsius’ special committee and senior leadership team continue to cooperate with regulatory agencies and government agencies and go all out to maximize the value of stakeholders. This incident shows that blockchain industries such as DeFi and BRC20 are receiving more and more attention, and cooperation at the regulatory level has a positive impact on the market.

As practitioners in the blockchain industry, we are optimistic about the market and believe that the future development prospects of blockchain technology are still broad and will bring more opportunities to the entire industry.