By The Numbers: How Many Celsius Creditors Voted For The Reimbursement Plan

A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew of securities regulators filed on Sept. 29. Creditors Object to Celsius Selling $23 Million in Stablecoins On Sept. 15, the embattled cryptocurrency lending firm Celsius filed a motion with the bankruptcy court to get permission to sell $23 million in stablecoins. The court filing attempting to gain....

Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end.  The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and facilitate customer repayments. Celsius Vows To Clear $2 Billion Debt According to the filing, the plan outlines a distribution of at least $2.03 billion in cryptocurrency to creditors, with the actual amount subject to fluctuations in....

Mt. Gox creditors will vote on a proposed draft compensation plan in October 2021. The trustee of hacked and now-defunct cryptocurrency exchange Mt. Gox has posted another update on the long-running process of refunding the exchange clients.Nobuaki Kobayashi, a Tokyo attorney appointed to act as civil rehabilitation trustee to manage Mt. Gox’s bankruptcy estate funds, announced Thursday that the Tokyo District Court ordered that “there were no grounds for disapproving the draft rehabilitation plan.” As previously reported, the plan was filed on Dec. 15, 2020.According to the announcement,....

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became "final and binding." Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin.According to a Wednesday announcement from Mt. Gox trustee Nobuaki Kobayashi, roughly 99% of the creditors affected by the collapse of the Japan-based crypto exchange approved of the draft rehabilitation plan originally filed in the Tokyo District Court in February. In addition, he....

The Celsius Network proceedings are still garnering a lot of interest given that almost 2 million investors currently have their funds stuck on the network. Last week, the company published a massive document that had the names and the amount owed to creditors after it suspended withdrawals. Celsius explained that it had done so at […]