Your Resource for Government on Crypto

US Bankruptcy Judge Martin Glenn signed an order confirming Celsius Network’s Chapter 11 plan, clearing a path forward for customers to receive crypto asset distributions while allowing the buyer of the platform to reorganize it as a digital mining enterprise. Under the plan, people who had Celsius accounts at the time of bankruptcy will receive distributions of the company’s remaining cryptocurrency. Additionally, crypto consortium Fahrenheit LLC will acquire Celsius’ assets and reorganize the platform as a new crypto mining company.