CELSIUS COMES OUT OF BANKRUPTCY: CREDITORS WILL RECEIVE OVER $3 BILLION

Summary from the TLDR Crypto newsletter

The estate of Celsius, a cryptocurrency lender that declared bankruptcy in 2022, plans to distribute over $3 billion in crypto and fiat to its creditors. The company's restructuring plan, approved by 98% of Celsius's account holders, includes the formation of a new Bitcoin mining firm called Ionic Digital that creditors will receive a stake in. PayPal and Coinbase will assist in the distribution of assets to creditors.