Celsius to Pay $3B to Creditors, Former CEO Arrested for Fraud as Crypto Lender Exits Bankruptcy
• Celsius to distribute over $3 billion to creditors as part of bankruptcy closure
• Creditors will also get stake in new Ionic Digital Inc. crypto mining operation
• 98% of creditors signed off on bankruptcy plan after 18 months in court
• Former CEO Alex Mashinsky arrested on fraud charges, released on $40M bond
• Mashinsky accused of manipulating price of Celsius' CEL token, denies allegations