Bankrupt crypto lender Celsius announced Wednesday that it has selected Novawulf Digital Management, a digital asset investment firm, to help bring its high-profile bankruptcy case to a close.
The sale and reorganization plan was put forth by Celsius’ Debtors, with the full support of Celsius’ official unsecured creditors committee (UCC).
The plan calls for the creation of a new company that would be managed by NovaWulf. NovaWulf would also make a direct cash contribution of between $45 million to $55 million to the new venture.
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