🚨Cryptocurrency platform Celsius Network plans to begin paying out to its customers by the end of the year as part of its reorganization plan. Basic moments:
- The new company "NewCo" will receive $450 million in seed funding
- Creditors will receive partial payments in the form of $2.03 billion in BTC and ETH, as well as shares of the new company
- The reorganization plan was supported by more than 95% of customer votes, but some creditors are opposed
- If the plan is approved, Celsius will be one of the first crypto platforms to be resurrected after the 2022 crash.
- The new company "NewCo" will receive $450 million in seed funding
- Creditors will receive partial payments in the form of $2.03 billion in BTC and ETH, as well as shares of the new company
- The reorganization plan was supported by more than 95% of customer votes, but some creditors are opposed
- If the plan is approved, Celsius will be one of the first crypto platforms to be resurrected after the 2022 crash.