Creditors of bankrupt crypto lender Celsius have approved a plan that would return 67%-85% of holdings to them, pending final approval from the court. The U.S. Trustee has objected to the plan, and a confirmation hearing for final approval is scheduled for Oct. 2. The reorganization plan includes the sale of assets to crypto consortium Fahrenheit Holdings, which won a bid to acquire Celsius Network in May 2023. The vote marks a step towards the end of Celsius' bankruptcy and the return of funds to customers, despite the arrest of former CEO Alex Mashinsky on fraud charges.
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