Celsius receives extension to submit Chapter 11 reorganization plan
Bankrupt crypto lender Celsius received court approval to extend its exclusivity period — the time when it maintains the exclusive right to submit a Chapter 11 reorganization plan — to Feb. 15.A motion requesting approval for a stablecoin sale aimed at providing operational liquidity was also discussed.
The extension comes after two court hearings, according to tweets from Celsius, during which a motion requesting approval for a stablecoin sale aimed at providing operational liquidity was also discussed. The judge's decision on the matter, which aims to "maximize value for all stakeholders," is expected next week, according to the crypto lender.
Source
https://t.me/DeFi_Ethereum
