The overwhelming vote marks another step towards the end of Celsius’ bankruptcy and the return of funds to customers. Celsius filed for bankruptcy in July last year as the crypto winter set in and its Chief Executive Officer Alex Mashinsky resigned as CEO in September 2022. In July 2023, Mashinsky was arrested on fraud charges and for manipulating the price of the CEL token, which he has denied.
Celsius Creditors Approve Reorganization Plan, Which May Return Up to 85% Funds
