Here's How Celsius Will Redistribute Assets To Its Creditors To Recover
Celsius Recovery Distribution Plan Celsius Network has devised a comprehensive re cover y distribution plan that aims to provide maximum returns to its creditors. Under this plan, the majority of creditors will receive distributions in the form of three primary assets: liquid cryptocurrencies (BTC and ETH), NewCo Common Stock, and Litigation Proceeds. advertisement Claims will be listed in U.S. Dollars (based on Cryptocurrency prices on the Petition Date) on your Ballot and not in the types or amount of Cryptocurrency associated with your Claims. Earn Creditors will get 36.4% of their liquid cryptocurrencies based on the USD value on petition date (July 13, 2022) . -Celsians Network, June 27, 2023 Earn Creditors, a particular group within the creditor base, will receive a re cover y based on the value of their liquid cryptocurrencies on the petition date, July 13, 2022. Since it set at at 36.4% of the USD value, the subsequent increase in Bitcoin and Ethereum ...