• Celsius is weighing a crypto bankruptcy token to pay back creditors in reorganization

    8 days ago - By Business Insider

    (Photo by Jakub Porzycki/NurPhoto via Getty Images)
    Celsius is considering issuing a crypto token to repay creditors, the company said in a bankruptcy court hearing.
    The move would be part of the lender's reorganization plan to exit bankruptcy.
    Lawyers for the firm say reorganizing would yield more money for creditors as opposed to liquidating assets.
    Celsius is weighing a plan to repay creditors by issuing a new cryptocurrency, the lending platform said in a Tuesday court hearing. The move would be part of the firm's reorganization plan to exit bankruptcy. Lawyers for Celsius said that...
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