CELSIUS LAWYER SAYS REVIVAL PLANS INCLUDE $450M IN SEED FUNDING

Summary from the TLDR Crypto newsletter

Bankrupt crypto lender Celsius has laid out revised plans to exit bankruptcy with $450 million in fresh funding from Fahrenheit LLC to kick off the restart. The relaunched company could then work as a "user-owned Bitcoin miner", aiming to begin repayments to users by the end of 2023. The recovery plan still needs approval from securities regulators and the bankruptcy judge. It could face opposition from some creditors who believe the new firm is overvalued.