Celsius Exits Bankruptcy, Plans New Company Focusing on Staking and Mining After Reorganization Plan Approved
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Celsius to emerge from bankruptcy in early 2024 after reorganization plan approved.
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Creditors to receive back 67-85% of holdings, $2 billion allocated to customers.
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CEL token holders to get 25 cents per token.
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New company formed by Fahrenheit LLC to focus on staking and mining.
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New company plans to sue former CEO Alex Mashinsky, charged with fraud.