Celsius creditors vote in favor of reorganization plan

THE majority of Celsius creditors to have vote In service of A plan that will see approximately $2 billion value of Bitcoin And Ethereum income has creditors.

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THE creditors implied In THE Celsius bankruptcy case to have vote In service of A plan that will see funds income has them as GOOD as distribute equity through A new company.

According to has A Seven. 25 deposit Since bankruptcy farm Stretto, most of THE Classes vote In service of THE plan by more that 98%.

THE vote results are In! On 95% of creditors through all eligible Classes vote has accept THE Plan, A will has OUR collaborative efforts during Chapter 11. https://t.co/9Z5xlBhNts @CelsiusUcc @FahrenheitHldg.

— Celsius (@CelsiusNetwork) September 25, 2023

While voters to have do A almost unanimous decision on THE plan, THE plan always needs final approval has A confirmation audience In THE United States Bankruptcy Court For THE From South District of New York program For October. 2.

Celsius network creditor class vote breakdown. Source: Stretto

According to has A disclosure statement deposit on August. 17, THE current plan will see approximately $2 billion value of Bitcoin (BTC) And Ether (ETH) redistributed has Celsius Network creditors. THE plan will Also distribute equity In A new business, temporarily double "NewCo."

“New Co. will function And further build out THE Debtors Bitcoin mining ...