The now-defunct crypto lender Celsius has received authorization to pivot to bitcoin mining, following approval from U.S. District Judge Martin Glenn of…
Celsius Network wins court approval for shift to bitcoin mining zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
US bankruptcy judge Martin Glenn in Manhattan on Wednesday said the bankruptcy plan approved in November contained enough flexibility to allow Celsius to switch to a backup plan after it hit a road block with the US Securities and Exchange Commission.
Celsius is one among the several crypto lenders who faced bankruptcy following the rapid industry growth during the pandemic, following which the crypto leader filed for Chapter 11 protection in July 2022, , Celsius, Crypto Currency