Celsius Collectors Approve Reorganization Plan, Which Could Return As much as 85% Funds

The overwhelming vote marks one other step in direction of the top of Celsius’ chapter and the return of funds to prospects. Celsius filed for chapter in July final 12 months because the crypto winter set in and its Chief Govt Officer Alex Mashinsky resigned as CEO in September 2022. In July 2023, Mashinsky was arrested on fraud fees and for manipulating the value of the CEL token, which he has denied.