The bankruptcy court of the bankrupt cryptocurrency company Celsius Network (CEL) has approved its $ 2 billion repayment plan.
Celsius, which was among the cryptocurrency companies that were chain-affected after the collapse of Terra (LUNA), ended up in bankruptcy court. past September The repayment proposal voted among creditors in 2018 was approved by the court.
Creditors within the scope of the approved plan 2 billion dollars worth Bitcoin (BTC) And Ethereum (ETH) payment will be made. Repayment process to creditors May Cryptocurrency investment consortium won auction on Celsius assets in Fahrenheit will manage.
judge of the bankruptcy court Martin Glenn what he did on the subject 9 November In his statement on Friday, he confirmed that the repayment plan was approved and emphasized that this decision will not put cryptocurrencies into security status:
The plan was approved under section 1129 of the Bankruptcy Code. Nothing described in this consent order constitutes a finding under the federal securities laws as to whether cryptocurrencies or transactions involving cryptocurrencies are securities, and the Securities and Exchange Commission reserves the right to object to transactions involving cryptocurrencies on any basis.
In addition, within the scope of the repayment and restructuring process, Celsius Bitcoin mining from the company The proceeds will be used to pay creditors.
Cryptocurrency exchange that went bankrupt recently FTX founder in the case Sam Bankman-Fried He was found guilty and the end of the case was one step closer.
According to CoinGecko data, CEL became active after the court approval. 30% rising $0.207259 from level to $0.271780 reached. CEL at the time of writing from $0.255 is being traded.