The insolvent cryptocurrency lending platform Celsius Network has submitted a plan to convert its altcoin assets into Bitcoin (BTC) and Ethereum (ETH), and the United States Bankruptcy Court for the Southern District of New York has approved it. Judge Martin Glenn’s ruling, which ushers in a new chapter in the continuing cryptocurrency crisis, will probably have a big impact on creditors who are waiting to get paid.
Celsius Network Gets Green Light To Dump Altcoins for Bitcoin and Ethereum
