🚀 Cryptocurrency lender Celsius will vote on its plan to sell its assets to the Fahrenheit consortium as it emerges from bankruptcy. The judge approved disclosures showing creditors could expect a refund of 67%-85%. 📊
- Celsius' exit from bankruptcy was marked by huge volatility in the crypto markets and the arrest of former CEO Alex Mashinsky on fraud charges (who denied the charges).
- Creditors claim that the assets are owned by Arrington Capital and miner U.S. They will vote on the plan, which includes selling it to a consortium that includes Bitcoin Corp.
- The majority of refunds to creditors will be made in bitcoin (BTC) and ether (ETH) and can range from 67% for Earn Account holders to 85.6% for those participating in Celsius' Borrow Program.
- In other crypto bankruptcy plans, creditors voted heavily on restructuring plans.
🤔 Do you think Celsius can get through this process successfully? We are waiting your comments!
- Celsius' exit from bankruptcy was marked by huge volatility in the crypto markets and the arrest of former CEO Alex Mashinsky on fraud charges (who denied the charges).
- Creditors claim that the assets are owned by Arrington Capital and miner U.S. They will vote on the plan, which includes selling it to a consortium that includes Bitcoin Corp.
- The majority of refunds to creditors will be made in bitcoin (BTC) and ether (ETH) and can range from 67% for Earn Account holders to 85.6% for those participating in Celsius' Borrow Program.
- In other crypto bankruptcy plans, creditors voted heavily on restructuring plans.
🤔 Do you think Celsius can get through this process successfully? We are waiting your comments!