Crypto lending platform Celsius Network has asked the court for authorization to sell its stablecoins to fund its operations.
14 July on From Chapter 11 configuration law applying to the court for the benefit of Celsius While the case is pending, the company to be able to fund its operations out of court 23 million worth a dollar 11 different stablecoins He asked for authorization to sell his reserve.
In Bankruptcy Court for the Southern District of New York September 15 Regarding the proposal discussed in the session dated Judge Martin Glenn to discuss the sale by 6 October A new session is scheduled in New York. If the decision is approved, the proceeds will primarily go to Celsius Network. their operations will be used to finance
crypto loan platform, Terra Luna could not achieve financial stability after the To Aave, Maker and Compound in total 710 Million paying off his dollar debt restructuring had applied. Thanks to the large payments made by the company, it is possible for investors to restructure He is known to have earned his trust.
Celsius’s local currency, according to CoinGecko data CELfrom the date the bankruptcy was declared. 203% gained value and as of writing from $1.76 is being traded.