Celsius Official Committee of Unsecured Creditors

432 posts

Celsius Official Committee of Unsecured Creditors

Celsius Official Committee of Unsecured Creditors

@CelsiusUcc

The twitter feed for the Celsius Networks Official Committee of Unsecured Creditors

Katılım Ağustos 2022
40 Takip Edilen20.1K Takipçiler
Celsius Official Committee of Unsecured Creditors
Making an election to repay the principal amount of your loan (and receive an equal amount of BTC or ETH) or to receive more information on refinancing your loan is optional. If you take no action, your Retail Borrower Deposit Claim will receive the Set Off Treatment.
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Celsius Official Committee of Unsecured Creditors
The deadline to submit an Election Form, if you would like to submit one, is January 17. Please read the notice so that you can make an informed choice on what option is best for you.
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Celsius Official Committee of Unsecured Creditors
Yesterday, the Court issued an opinion and order approving the Orderly Wind Down / MiningCo transaction. The approval will allow the Debtors to commence liquid cryptocurrency distributions on the Effective Date. It also authorizes the creation of a new Bitcoin mining company owned by creditors.
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Celsius Official Committee of Unsecured Creditors
We were told this morning that the issues Celsius was having with Facebook’s login portal have been resolved. Account holders should now be able to log in with their Facebook credentials.
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Celsius Official Committee of Unsecured Creditors
After the Bankruptcy Court entered the Confirmation Order, we learned that the Debtors were informed by the SEC that it would not grant the requested pre clearance to transfer the illiquid assets or Ethereum to the proposed new company.
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