Celsius Plans To Shut Down Its App and Distribute Its Crypto Assets Within 90 Days

08/12 07:35

The bankrupt cryptocurrency lending platform Celsius recently released a revised disclosure statement, revealing its plan to close its application within 90 days.In the statement, Celsius outlined its plan to provide cryptocurrency compensation to creditors. Its plan includes distributing liquid cryptocurrencies, including BTC and ETH, to eligible creditors. Due to potential price fluctuations, the expected distribution amount is approximately $2.03 billion.

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