Celsius Network announced last week that they have filed their Chapter 11 Plan of Reorganization ("the Plan") with the support of the Committee and the Plan Sponsor, NovaWulf. Alongside the filing of the Plan, Celsius Network also filed a Statement Regarding Plan Process.

In the statement, Celsius Network has indicated their intent to file a Disclosure Statement on April 12, 2023. This move is a crucial step in the company's ongoing efforts to restructure and regain financial stability.

The Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, additional information on certain risk factors, and all information that claim holders will need to determine whether to vote in favor of the Plan. 

This is a developing story, and further information will be added as it becomes available.