Creditors will be sent ballots to vote on the plan, involving the sale of assets to a consortium including Arrington Capital and miner U.S. Bitcoin Corp, between Aug. 24 and Sept. 22. Returns for creditors – which will largely be done in bitcoin (BTC) and ether (ETH) – could range from 67% for Earn Account holders to 85.6% for those participating in Celsius’ Borrow Program, compared to just 47% for a liquidation of assets, court filings said.

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• Source: https://www.coindesk.com/policy/2023/08/18/celsius-creditors-to-vote-on-bankruptcy-escape-plan-after-judicial-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines