Creditors of Bankrupt Crypto Lender Celsius Will Vote on Bankruptcy-Escape Plan

Collectors will probably be despatched ballots to vote on the plan, involving the sale of belongings to a consortium together with Arrington Capital and miner U.S. Bitcoin Corp, between Aug. 24 and Sept. 22. Returns for collectors – which can largely be carried out in bitcoin (BTC) and ether (ETH) – might vary from 67% for Earn Account holders to 85.6% for these collaborating in Celsius’ Borrow Program, in comparison with simply 47% for a liquidation of belongings, courtroom filings stated.