“[The distribution] would be at a discount. We’re not envisioning a full recovery, but it’s a meaningful recovery, Your Honor,” said Ross Kwastaniet, a lawyer for Kirkland & Ellis, the white-shoe law firm representing Celsius. “It would be a one-time distribution in liquid crypto – call it bitcoin, ethereum or stablecoins. Something that has, you know, readily tradable, readily ascertainable market value to everybody who has claims below a certain threshold.”
Related posts
-
Analyst Says Don’t Get Too Excited About The Market Recovery
Crypto analyst Ali Martinez has warned the crypto community not to get too excited about the... -
Bitcoin Price Recovery: Here Are Challenges On The Road to Rebound
Bitcoin price is consolidating above the $60,550 support zone. BTC could avoid more downsides if it... -
Telegram-Based Notcoin Burns 210 Million Tokens Amid Positive Recovery
Telegram-based Notcoin (NOT) recently carried out a token burn that paints a bullish outlook for the...