Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11

Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11


Bitcoin.com
2023-02-16 14:30:52

Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday. The proposed agreement would enable Celsius to exit the Chapter 11 bankruptcy process, and the new owners could begin distributing funds as early as June,