Bankrupt crypto lending platform Celsius Network (CEL) is waiting for the final approval of the court to rise from the ashes.
Last year, cryptocurrency companies chain bankruptcies Celsius Network, which has taken its place among the companies, is preparing to come to life with its new company. By Celsius Network lawyers 29 September In the details of the file submitted to the bankruptcy court on the date of 2015, it is stated that they are in a position to pay the creditors within the scope of the restructuring plans and in addition, the new company $450 million It was stated that he had an investment fund.
For now “NewCoThe company called “” in case of approval from the court $450 million fund will start life with. However, NewCo on Nasdaq It is also expected to be listed.
If the court is to be held towards the end of the year within the scope of restructuring plans If the creditor allows payments Along with this, the birth of NewCo will also be approved.
In the file submitted to the bankruptcy court, NewCo’s cryptocurrency investment consortium Fahrenheit with the support of Bitcoin (BTC) mining And staking It was stated that it would focus on its services.
Fahrenheit won the auction to purchase the remaining assets of Celsius Network (CEL) last May.