TechFlow reported, according to CoinDesk, Celsius's liquidation plan has been approved by the court, with creditors expected to recover between 67% and 85% of their assets. Celsius will hold a vote on its proposal to sell assets to the Fahrenheit consortium.
Celsius's interim CEO stated they remain committed to achieving the best possible outcome for customers and creditors and returning assets as quickly as possible. Creditors will vote on the plan from August 24 to September 22.
Court documents show creditor recoveries range from 67% for Earn account holders to 85.6% for participants in Celsius's lending program, primarily distributed in bitcoin and ether. The recovery rate for assets under liquidation stands at only 47%.
Add to Favorites
Share to Social Media
