Celsius Creditors' Committee: Selling to NovaWulf is 'best' option, smaller creditors will get 70% back

According to The Block, the official committee of Celsius unsecured creditors said the proposed sale to NovaWulf Digital Management was the "best" option, with smaller creditors getting back 70% of their funds while larger creditors would get back the funds managed by NovaWulf. Tokenized shares of the new entity. Celsius, which received a total of nine takeover offers and 40 expressions of interest, said that "while the committee will consider all options until the plan is confirmed and effective, the committee also believes that the NovaWulf transaction is currently the best viable alternative". Foresight News previously reported that Celsius reached an agreement in principle with NovaWulf, the sponsor of the sale plan, and creditors will receive cryptocurrency distribution and equity tokens.