Celsius has a Hail Mary bankruptcy plan: turn its debt into a new cryptocurrency

Celsius has a Hail Mary bankruptcy plan: turn its debt into a new cryptocurrency

Ever since bankrupt crypto lender Celsius froze withdrawals in June, customer funds have been in limbo. Now, a leaked audio shared with CNBC reveals a preliminary plan to compensate them. The company wants to issue an “IOU” cryptocurrency to customers who have signed up for some of its accounts. The recording was provided by Tiffany …

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