Celsius has completed its restructuring plan and begun distributing over 3 billion dollars in cryptocurrency and fiat currency to creditors
Celsius announces the successful completion of its restructuring plan, exiting bankruptcy proceedings. The restructuring plan has been approved by 98% of creditors, beginning to distribute over $3 billion in cryptocurrency and fiat currency to creditors, and creating a new Bitcoin mining company Ionic Digital, Inc. This company will be owned by Celsius' creditors, with Hut 8 overseeing the company's Bitcoin mining operations. Celsius will orderly shut down its business, including closing mobile and web applications.
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