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.

September 26th, Coinbase's Chief Legal Officer Paul Grewal responded to the "US SEC's opposition to Celsius' plan to distribute digital assets to customers through Coinbase," stating that Coinbase is proud to work with Celsius to distribute cryptocurrencies to customers and does not understand why the SEC opposes a US listed company taking on this role.

Michael Arrington, founder of Arrington Capital, announced on Twitter that he will no longer serve as a board member of the new company Celsius. Arrington Capital investor and advisor Ravi Kaza will take over.

Phishing attacks targeting creditors of bankrupt crypto lender Celsius Network have increased as the lender's bankruptcy proceedings near their end. Scammers are impersonating Stretto, the bankruptcy services platform for Celsius and its creditors, and sending fake emails with malicious links.

According to reports on social media over the past week, there has been an increase in phishing attacks by scammers posing as Stretto. Stretto is a bankruptcy services platform for cryptocurrency lending institution Celsius and its creditors. One user reported receiving three phishing emails claiming to be from Celsius on September 18th. Others reported receiving fake emails with malicious links attempting to impersonate Stretto, the claims agent handling the bankruptcy case.

Official Unsecured Creditors Committee of Celsius posted on X platform stating that an agreement has been reached between Celsius debtors, the Official Unsecured Creditors Committee, and the US Southern District of New York Prosecutor's Office to suspend claims lawsuits against Alex Mashinsky, former CEO of Celsius, and other former high-level executives during Mashinsky's criminal trial. Federal prosecutors requested that the Official Unsecured Creditors Committee agree to suspend the litigation process to avoid any potential interference with Mashinsky's criminal trial.

On September 7th, Celsius Unsecured Creditors Committee shared a statement submitted by the debtor on the X platform. According to the "Information Disclosure Statement", the debtor's creditors, notices and solicitors, Stretto, have sent out electronic mails to creditors regarding the solicitation plan, non-voting notices and related materials to solicit opinions on the debtor's plan. However, customers who use their Apple ID to log in to Celsius accounts may have difficulty accessing their votes.

Mining company USBTC has announced that it has reached an agreement with Celsius to host the initial 8,500 mining machines on the USBTC Alpha site, with an estimated hash rate of 820 petahash (PH). USBTC President Asher Genoot said that the opportunity to manage Celsius assets marks a decisive milestone. As we move forward with Celsius, we are opening a new chapter based on this foundation. Bitcoin mining is not only profitable, but also sustainable and drives industry development.

Celsius Unsecured Creditors Official Committee tweeted that a staff meeting will be held at X Spaces at 11:00 am ET on August 25th to discuss proposed restructuring plans and disclosure statements. Questions will be collected on Wednesday evening, and the committee and its advisors will answer questions on site.

The official committee of unsecured creditors of Celsius stated on X platform (formerly Twitter) that a network seminar related to the disclosure statement of the Celsius bankruptcy restructuring plan will be held on August 21. Several meetings will be launched on specific topics, including how creditors can vote according to the plan and how to fill out the ballot.