Celsius’ exit from bankruptcy, a process that started in July last year, has been approved by a New York court. The lender’s creditors had voted to approve a plan that would return as much as 85% of their holdings back to them Customers who had funds tied up in Celsius will get back about $0.25 per CEL utility token.
Crypto lender Celsius secured approval for its reorganization plan from a bankruptcy court on Thursday, with the implementation expected to be completed by early 2024, the company said.
The order marks Celsius’ exit from bankruptcy, filed in July last year, a
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