Celsius to Emerge from Bankruptcy With Repayment Plan Approved

Backed by a new entity with $450 million in seed funding, the failed crypto lender may come back to life.

Celsius Network, the failed crypto lending company, is on track to exit bankruptcy after a judge approved its customer repayment plan.

The plan, presented to the bankruptcy court on Oct. 2, called for the establishment of a new entity with $450 million in seed funding.

This is a developing story and will be updated as details emerge.