{"id":543126,"date":"2023-01-25T00:30:00","date_gmt":"2023-01-24T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-celsius-token-may-be-used-to-repay-creditors-report\/"},"modified":"2023-01-25T00:30:00","modified_gmt":"2023-01-24T21:30:00","slug":"new-celsius-token-may-be-used-to-repay-creditors-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-celsius-token-may-be-used-to-repay-creditors-report\/","title":{"rendered":"# New &#8216;Celsius token&#8217; may be used to repay creditors: report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a275bcb4a688\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a275bcb4a688\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-celsius-token-may-be-used-to-repay-creditors-report\/#%E2%80%9D_New_%E2%80%98Celsius_token_may_be_used_to_repay_creditors_report_%E2%80%9C\" >&#8221; New &#8216;Celsius token&#8217; may be used to repay creditors: report &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_New_%E2%80%98Celsius_token_may_be_used_to_repay_creditors_report_%E2%80%9C\"><\/span>&#8221; New &#8216;Celsius token&#8217; may be used to repay creditors: report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvOTlhNmY3MGItNTA0ZC00ZDg1LWFmMTMtYmQ1ZjY5ZGE3OWJiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>Bankrupt crypto lending firm Celsius may <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-24\/celsius-may-issue-a-bankruptcy-crypto-token-to-repay-creditors?sref=323RPL5z\">issue<\/a> its own token to repay creditors, according to a January 24 report from Bloomberg. The report cites a video court hearing as the source of the information.<\/p>\n<p>According to the report, Celsius attorney Ross M. Kwasteniet told the court that the firm is negotiating with its creditors on how to relaunch the platform and adequately pay them back. The new, relaunched version would be \u201ca publicly-traded company that is properly licensed,\u201d which could allegedly provide more money for creditors than simply liquidating the company. If <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved by creditors and the court, the reorganized company would \u201cissue a new token to creditors as part of a payout plan.\u201d<\/p>\n<p>The report stated that details of the plan will be filed with the court later this week.<\/p>\n<p><strong>Related: <\/strong><strong>Opinion: Digital Currency Group&#8217;s Genesis implosion: What comes next?<\/strong><\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user CelsiusFacts, who often tweets updates about the case, also claimed to have found details of the reorganization plan. According to a statement on January 24, Celsius Network intends to become publicly traded and use \u201cthird party services\u201d to ensure that it complies with U.S. financial regulations. Users may be able to withdraw up to $7,500 worth of claims or 95% of the total, whichever amount is smaller. The new token would be issued to cover the remaining 5% or amounts above $7,500.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">NEWS<\/a> <br \/>&#8211; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CelsiusNetwork?src=hash&amp;ref_src=twsrc%5Etfw\">#CelsiusNetwork<\/a> is looking at having a stratefied recovery smaller holders bellow 5k might get all assets to leave.<br \/>&#8211; Larger holders will get a debt token that seems to represent all the value, so you can sell if you dont believe in the company or recovery.<\/p>\n<p>\u2014 CelsiusFactsNumbers (@CelsiusFacts) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CelsiusFacts\/status\/1617919538628288515?ref_src=twsrc%5Etfw\">January 24, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The court schedule for the case shows that an \u201cOmnibus Hearing\u201d was scheduled for January 24, and the agenda was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cases.stretto.com\/public\/x191\/11749\/PLEADINGS\/1174901242380000000052.pdf\">released<\/a> by the court before it occurred. This hearing may have been the source of the reports from both Bloomberg and @CelsiusFacts, although Cointelegraph has not been able to confirm this at time of publication.<\/p>\n<p>Celsius blocked user withdrawals in June 2022, citing a lack of liquidity caused by \u201cextreme market conditions.\u201d In July, it filed for bankruptcy. On Jan. 5, the New York Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> filed suit against Celsius founder Alex Mashinsky for allegedly giving \u201cfalse and misleading statements\u201d to investors.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-celsius-token-may-be-used-to-repay-creditors-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; New &#8216;Celsius token&#8217; may be used to repay creditors: report &#8220; Bankrupt crypto lending firm Celsius may issue its own token to repay creditors, according to a January 24 report from Bloomberg. The report cites a video court hearing as the source of the information. According to the report, Celsius attorney Ross M. Kwasteniet&#8230;<\/p>\n","protected":false},"author":1,"featured_media":543127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/99a6f70b-504d-4d85-af13-bd5f69da79bb.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77595,4978,117,73711,70934],"class_list":["post-543126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-lending","tag-bankruptcy","tag-business","tag-investments","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=543126"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543127"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}