Cryptocurrency lending firm Celsius’ plan to repay creditors gets judge approval

Odaily News Celsius is emerging from bankruptcy after a New York judge approved its plan to use mining companies to repay creditors. The plan is confirmed under Section 1129 of the Bankruptcy Code, Judge Martin Glenn said in Thursdays order. Creditors voted in September in favor of a plan that would distribute approximately $2 billion worth of Bitcoin and Ethereum to creditors. Under the plan, a new company will build its mining and staking operations and be managed by Fahrenheit Group, which successfully acquired Celsius assets in a bid in May. (The Block)