đCelsius Network cleared to exit bankruptcy, says it could start paying customers in JanuaryFailed crypto lender Celsius Network LLC won bankruptcy court approval for its plan to transform into a creditor-owned Bitcoin mining company as part of a broader proposal to pay out returning customers whose accounts have been frozen for more than a year.
US Bankruptcy Judge Martin Glenn said on Thursday he would confirm Celsius' plan to pay back customers through a combination of crypto assets and shares in a new, publicly listed Bitcoin mining company. Celsius' lawyers said the platform could start distributing assets early next year.
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