Celsius Given Permission to Convert Altcoins to Bitcoin, Ethereum
Celsius, the bankrupt crypto lender, has been granted permission to liquidate its altcoins and distribute funds to creditors in Bitcoin and Ethereum. The move was approved by Bankruptcy Judge Martin Glenn after discussions with the SEC, which has classified certain crypto tokens as securities. Celsius will sell or convert non-BTC and non-ETH assets to comply with regulatory requirements.
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Celsius Given Permission to Convert Altcoins to Bitcoin, Ethereum
Celsius, the bankrupt crypto lender, has been granted permission to liquidate its altcoins and distribute funds to creditors in Bitcoin and Ethereum. The move was approved by Bankruptcy Judge Martin Glenn after discussions with the SEC, which has classified certain crypto tokens as securities. Celsius will sell or convert non-BTC and non-ETH assets to comply with regulatory requirements.