Creditors involved in the Celsius bankruptcy case have approved a plan that will return funds to them and distribute equity through a new company. The plan was approved by over 98% of the voting classes, with over 95% of all eligible creditors voting in favor. The plan involves redistributing approximately $2 billion worth of Bitcoin and Ether to creditors and distributing equity in a new company called "NewCo," which will be managed by the Fahrenheit Group. The plan still requires final approval at a confirmation hearing in the United States Bankruptcy Court for the Southern District of New York on Oct. 2.
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