News Explorer — Celsius Network Repayment Plan Approved

Decrypt

Celsius Network Repayment Plan Approved

Celsius Network, the bankrupt crypto lending company, has received approval from a judge for its customer repayment plan, signaling its potential exit from bankruptcy. The plan, which was presented to the bankruptcy court on October 2, involves the creation of a new entity with $450 million in initial funding. Further updates will be provided as more information becomes available.