Posted 11/20/2023, 3:58:00 PM
Celsius Bankruptcy Plan Faces Delays Due to SEC Information Requests
- Celsius bankruptcy reorganization plan faces delays due to information requests from SEC
- SEC asked for more info on assets held by Celsius to make determinations
- Investment group Fahrenheit won bidding to issue shares in new crypto business with Celsius assets
- Fahrenheit plan involved distributing $2B in BTC and ETH to creditors and equity in new company
- Backup plan if current plan falls through is winding down and liquidating Celsius' assets