NovaWulf
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Unveiling The Bidders In The Celsius Unsecured Creditors Auction
On April 23rd, the official committee of unsecured creditors of Celsius announced that the auction will be held on April 25th, with bidders including digital asset investment insti
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NovaWulf plans to take over all assets of Celsius and tokenize the equity of the new company
According to reports, NovaWulf, a digital asset investment company, plans to take over all assets of the bankrupt cryptolending platform Celsius Network and transfer the remaining
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Bankruptcy judge: Celsius should continue to have the exclusive right to formulate an exit plan before the end of March
It is reported that the bankruptcy court judge Martin Glenn ruled on Wednesday that Celsius Network should continue to have the exclusive right to formulate an exit plan before the end of March. Judge Glenn said that sufficient progress had been made in preparing the transaction with the new company NovaWulf to establish a new recycling company. The court for the Southern District of New York was informed that agreeing to the transaction might mean that the cryptocurrency lending institution would withdraw from bankruptcy protection before the end of June….
