Creditors will be sent ballots to vote on the plan, involving the sale of assets to a consortium including Arrington Capital and miner U.S. Bitcoin Corp, between Aug. 24 and Sept. 22. Returns for creditors โ which will largely be done in bitcoin (BTC) and ether (ETH) โ could range from 67% for Earn Account holders to 85.6% for those participating in Celsiusโ Borrow Program, compared to just 47% for a liquidation of assets, court filings said.
Creditors of Bankrupt Crypto Lender Celsius Will Vote on Bankruptcy-Escape Plan
