Posted 12/1/2023, 8:53:09 AM
Judge Questions Legality of Celsius Mining Proposal, Hints New Creditor Vote May Be Needed
- Judge hints Celsius may need new creditor vote for proposed Bitcoin mining shift post-bankruptcy
- Judge says mining plan deviates significantly from original deal creditors voted on
- Celsius attorney argues court-approved plan allows flexibility to pivot to mining
- Two customers voice dissent, say Celsius should fully liquidate instead
- New mining plan offers 67% creditor recovery, topping previous 61.2% deal