TechFlow reports that retail crypto borrower Johan Bronge opposes Celsius's bankruptcy restructuring plan, arguing it favors institutional lenders. He points out the plan allows institutional lenders to repay loans and reclaim collateral, but does not grant the same rights to retail borrowers. Bronge also criticizes creditors for not being given a choice between supporting an orderly wind-down or Celsius's proposed restructuring. He urges the court to allow retail borrowers to repay loans and retrieve collateral under the original loan agreement terms, apply a consistent collateral valuation methodology, and permit creditors to vote on either liquidation or restructuring paths.
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