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Ethereum World News 2022-12-06 12:28:59

Court Approves Celsius Extention To Submit Chapter 11 Reorganization Plan In 2023

Summary: Bankrupt crypto lender Celsius received an extension from the court on Tuesday. The extension means the lender now has until February 15, 2023 to provide the court with a reorganization plan. Tuesday’s update added that the court will on a stablecoin sale proposed to secure operational liquidity. On Tuesday, the court in charge of Celsius’ bankruptcy case approved an extension on the lender’s exclusivity period until 2023. The exclusivity period represents the time when the lender has the court-backed

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