Celsius Reorganization Not Affected by $4.7B Settlement With U.S., Bankrupt Crypto Lender Says

That includes customer recoveries, the company said Thursday.

AccessTimeIconJul 13, 2023 at 9:40 p.m. UTC
Updated Jul 13, 2023 at 9:44 p.m. UTC
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Bankrupt crypto lender Celsius Network said its $4.7 billion settlement with the U.S. over fraud allegations won't affect its reorganization or the amount it recovers for customers.

The company "continues to pursue a successful Chapter 11 Plan," Celsius said in a statement attached to a Thursday court filing. "Celsius' Special Committee and senior leadership remain committed to ongoing cooperation with regulators and government bodies as the Company remains focused on maximizing value for stakeholders."

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Nick Baker

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