HUT - Celsius Network Successfully Exits Bankruptcy Begins $3B Creditor Repayment | Benzinga
Crypto lender Celsius Network LLC (CRYPTO: CEL) has officially emerged from bankruptcy.
What Happened: Up to $3 billion (in liquid cryptocurrency, fiat and Ionic Digital stock) will be repaid to Celsius creditors.
This move follows the approval of the company's reorganization plan by the Bankruptcy Court for the Southern District of New York on Nov. 9, 2023, and marks the end of an 18-month restructuring process.
The approved plan received overwhelming support from approximately 98% ...