Celsius Initiates Asset Distribution as FTX Repayment Plan Gains Approval
Celsius distributes $3B to creditors; FTX's $7B repayment plan approved. Challenges persist in crypto insolvency resolutions.
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Celsius distributes $3B to creditors; FTX's $7B repayment plan approved. Challenges persist in crypto insolvency resolutions.
Celsius Network plans to unstake its Ethereum holdings to aid creditor distribution amid ongoing restructuring after a liquidity crisis. Shifting focus to crypto mining, the company aims to recover while navigating legal challenges, marking a transformative phase in its evolution.
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