Celsius to Emerge from Bankruptcy With Repayment Plan Approved

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Reading

Celsius to Emerge from Bankruptcy With Repayment Plan Approved

NewsBusiness

Backed by a new entity with $450 million in seed funding, the failed crypto lender may come back to life.

Celsius Network, the failed crypto lending company, is on track to exit bankruptcy after a judge approved its customer repayment plan.

The plan, presented to the bankruptcy court on Oct. 2, called for the establishment of a new entity with $450 million in seed funding.

This is a developing story and will be updated as details emerge.

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