Celsius Bankruptcy Plan Approved, $2B in Crypto to Be Returned to Creditors as Former CEO Faces Fraud Charges
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Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors
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Plan approved by creditors; funds to be returned and equity in new company NewCo given
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Around $2B in BTC and ETH to be redistributed to creditors
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NewCo to expand Celsius mining ops and monetize assets, pending approval
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Former Celsius CEO arrested for fraud charges; ex-CRO pleaded guilty to fraud