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Cryptocurrencies: 28638
Markets: 116144
Market Cap: $2,422,760,529,834     
24h Vol: $66,104,245,726
CoinDesk 2023-01-24 19:42:30

Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors

Celsius Proposes Restructuring to Offer One-Time ‘Meaningful Recovery’ Payout for Most Creditors
Lawyers for Celsius Network said Tuesday that the bankrupt crypto lender is planning to reinvent itself as a new, publicly traded “recovery corporation” in order to exit the bankruptcy process – something they said could happen in “months.”
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