๐DeFi fans, buckle up! A hilarious twist in the Celsius bankruptcy saga: the ambitious plan to form a new #crypto services biz from its ashes hit a roadblock with the SEC! ๐ง๐
๐ฅFahrenheit, the investment vehicle that won the bid to issue shares in the new biz, is now in a "back and forth" with the SEC, Celsius Creditors Committee, and the remaining assets. ๐คผโโ๏ธ
๐SEC wants more info, and the committee is figuring out what to do with it. The plan was to distribute $2B in #BTC & #ETH to creditors, plus shares in a new company that would manage Celsius' #Bitcoin mining ops, stake #Ethereum, and explore new biz opportunities. ๐ง
๐If all else fails, the backup plan is to liquidate Celsius' assets. ๐
๐ฃ๏ธGot thoughts on this wild ride? Share 'em in the comments! ๐ข๐ #DeFi #Web3