Celsius Network LLC can pivot its post-bankruptcy business plan to one focused solely on Bitcoin mining without resoliciting votes from creditors, a bankruptcy judge ruled.
Celsius, the failed crypto lending platform founded by Alex Mashinsky, is free to toggle to an alternative wind-down plan because it’s within the terms of the original proposal, Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York said in an opinion Wednesday.
Under a bankruptcy plan approved in November, Celsius had attempted to emerge from Chapter 11 as Fahrenheit LLC, a public crypto mining company that would include a ...
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